By Sami Zaptia.
London, 9 November 2020:
Airbus has agreed to renegotiate Libya’s aircraft delivery contracts, the Libyan African Aviation Holding Company (LAAHC) reported today.
According to the LAAHC Airbus has agreed in principle to change the type and number of planes to be delivered from A-350’s to the smaller A-220/320/321/330 models. It said the smaller models better meet the requirements of the Libyan market and better serve the Libyan public’s interests.
The revelation came during Sunday’s (8 November) First General Assembly meeting of the LAAHC in 2020 chaired by Tripoli-based Transport Minister Milad Matoug at the company’s Tripoli headquarters.
The meeting also:
- Followed up on the implementation of the operational plan of the subsidiary companies within the framework of the 20/22 rescue plan approved by the General Assembly and discussed the time frame for its implementation.
- Discussed the search for local and international financiers and investors to cover the financial requirements to purchase new aircraft.
- Formed a specialized committee to follow up with the Tripoli government and the Ministry of Finance to follow up the procedures and complete the efforts made by the Ministry of Transport regarding support for companies and the payment of debts arising from operating and maintenance abroad.
- Urged the LAAHC Board of Directors and the departments of its subsidiary companies to reduce spending and create a financial balance for companies through revenues and expenditures.
- Considered finding solutions to the retirement age for aircrews, by communicating with state institutions concerned with this matter.
