Middle East Economic Survey


No 43



Libyan Arab Airlines To Be Privatized

Libyan Prime Minister Shukri Ghanem announced on 13 October that Libyan Arab Airlines is to be privatized. Mr Ghanem said that the state would not purchase any new planes, refuting Chairman Hasan Dabnunis claim that it would provide $1.5bn to buy 24 new aircraft. According to Dr Ghanem, the private sector could buy new planes in the future with the help of bank loans and even state...