The Libyan Airlines decided to cut its flight ticket prices by seven percent after the recent decrease in foreign transaction fees.
The company said the decision includes all domestic and external flights, the Director of the Media Office in Libyan Airlines Mohamed Kenwa told 218News on Sunday.
Kenwa added that the ticket price cut came after the reduction of the foreign transaction fees to 163 percent instead of 183 percent, which commercial banks began to implement on Sunday in accordance with the instructions of the Tripoli-based Central Bank of Libya.
In September 2018, Libya’s U.N.-backed Government of National Accord (GNA) imposed a 183-percent fee on commercial and private foreign currency transactions to narrow the gap between the official and black market rates, bringing the effective official rate for such transactions to LYD 3.9 per one dollar.
Therefore, both Libyan Airlines and Afriqiyah Airways decided to increase their flight ticket prices threefold last December.
Civil aviation in Libya has seen some development this year especially after lifting the ban on foreign civil aircraft in Libyan airspace in March. The decision permitted civil aviation flights at altitudes of and above Flight Level (FL) 300 to resume, due to the reduced risk to civil aviation operations at those altitudes.