in Business & Finance

Afriqiyah secures stake in Tunisian flight school

Posted 17 October 2016 · Add Comment

Afriqiyah has acquired a 20% stake in the Aviation Training Center of Tunisia (ATCT), reports ch-aviation.

The acquisition will allow the Libyan state-owned carrier to both diversify its revenue streams as well as reduce pilot training costs. At present, over 150 of its flight crews must head to Lufthansa in Germany for annual instruction and simulator time at significant cost to the airline.

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