Decision No. 266/2023 Authorizing ADFCO Aircraft Maintenance Investment Project

The Ministry of Economy has authorized a 25-year joint venture between Libyan carrier African Airlines (51%) and Spanish company A.D. Air Business Group (49%) to establish an aircraft maintenance and air cargo facility at Misrata International Airport. The project operates under Libya's 2010 Investment Encouragement Law and must obtain requisite approvals within 60 days or the authorization becomes void.

This decision demonstrates that Libya's Government of National Unity continues to process foreign direct investment applications in strategic infrastructure, particularly with European partners in aviation services. The 49% foreign ownership cap and requirement for Libyan majority control reflects standard restrictions under Law 9/2010. The 60-day approval deadline is aggressive and indicates administrative urgency requirements that foreign investors should anticipate. Aviation services remain an accessible sector for minority foreign participation.