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Libyan Airlines Selects CFM56-5B to Power New A320s in $95m Order

DUBAI — Libyan Airlines has become a new CFM International customer with the selection of CFM56-5B engines to power seven firm, five option Airbus A320 family aircraft. The firm engine order is valued at approximately $95 million at list price and the airline is scheduled to begin taking delivery in mid-2010.

Libyan Airlines, based in Tripoli, was founded in 1964 as the national flag carrier of Libya. It operates scheduled passenger and cargo services within Libya and Europe, North Africa and the Middle East.

Libyan Airlines and Afriqiyah Airways, Libya’s other state carrier, have recently been grouped under Libyan African Aviation Holding Company, an organisation created to coordinate the development of the Libyan air transportation.

“We are pleased to announce the selection of the highly reliable CFM56-5B/3 engines to power this new Airbus A320 order,” said Capt Mohamed Ibsem, chief executive officer of Libyan Airlines.“This acquisition is part of a major fleet development plan that will allow Libyan Airlines to expand its market presence in the region while keeping our overall cost of ownership in check.”

business@khaleejtimes.com