TRIPOLI, Aug 10, 2010 (AFP) - Two Libyan airlines signed for 1.1 billion dollars in loans on Tuesday from several local banks to buy Airbus planes ordered three years ago, officials said.
"A loan agreement was signed on Tuesday in Tripoli with seven local banks to finance part of the purchase of 11 Airbus" planes which were ordered in 2007, Mohammed al-Mashiki of Afriqiyah AirwaysAfriqiyah Airways told AFP.
The state-controlled airline had placed an order in 2007 to buy five......
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