Economy Minister revokes decision to raise air ticket prices

Economy Minister revokes decision to raise air ticket prices

November 26, 2018 - 12:09
Posted in:
Written By: SafaAlharathy

The Minister of Economy of the Presidential Council (PC) Ali Al-Issawi has countermanded the decision to raise the price of airline tickets, which was taken by the Libyan Airlines and Afriqiyah airways last Thursday.

Al-Issawi adopted on Sunday, the Commercial Transaction Law, which provides for determining the actual cost of air traffic at the new exchange rate and then setting the new price for tickets, the Information Office of the Economic Department clarified.

The Libyan Airlines and Afriqiyah airways have announced a hike in ticket prices starting from December, because of the refusal of the PC to exclude the aviation sector from the new foreign currency tax.