Libyan private carrier Buraq Air has signed a preliminary agreement to acquire 10 A320neo aircraft from Airbus. The memorandum of understanding was finalized at the Dubai Airshow on November 21 by the airline's General Assembly President, Fouzi Almiqalh, and Airbus Chief Commercial Officer Benoît de Saint-Exupéry.
Almiqalh said the deal marks a significant step in modernizing its fleet and expanding its network, noting the A320neo's efficiency would be central to enhancing its service. As for De Saint-Exupéry, he explained that the agreement confirms the model's role as the leading aircraft for fleet modernization and that Airbus would fully support Buraq Air's growth ambitions.
Founded in 2000 as Libya's first private airline, Buraq Air currently operates Boeing 737-800s on regional routes to Tunisia, Turkey, Egypt, and occasionally Southern Europe. The carrier, based at Mitiga International Airport near Tripoli, had suspended most operations following the civil war that began in 2011.
With security conditions improving, Buraq Air is now rebuilding its operations. It has formed a strategic partnership with Medsky Airways, a private Libyan carrier launched in 2022 by businessman Mohamed Taher Issa. Medsky operates a fleet of three Airbus A320s on routes to Valletta, Rome, Istanbul, and Tunis.
Walid Kéfi
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Since its 2019 IPO, Airtel Africa paid Deloitte over $37 million in audit and non-audit fees,...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
Tilenga oil project required land from 4,954 households in Uganda Over 99% of affected households...
(BIDC) - The ECOWAS Bank for Investment and Development (EBID), in partnership with ASKY Airlines and Plan International Togo, successfully hosted the...
SMEs drive up to 40% of GDP and most jobs but face regulatory and financial constraints Power shortages and limited access to finance remain major...
BOA Niger warns net profit to drop 92% in 2025 Decline driven by high provisions amid rising non-performing loans Sanctions and weak lending...
Sudan to deploy USSD services to expand access to digital banking Technology enables low-cost transactions via mobile phones without...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...