Misrata International Airport is getting the largest aircraft maintenance + air cargo station in North Africa

Libya’s Economy and Trade Ministry has greenlit a Libyan-Spanish joint venture for air cargo and aircraft maintenance services,according to a ministry statement. The JV will set up an air cargo and aircraft maintenance station dubbed ADVCO at Misrata International Airport, which is set to be the largest of its kind in North Africa, the statement added. The statement did not disclose the timeline for the completion of the station.

Ownership structure: Libyan airline Afriqiyah Airway holds a 51% stake in the company, while Spanish cargo company AD Air Cargo Business owns a 49% stake. Afriqiyah Airway will cover the periodic maintenance costs of up to EUR 150 mn a year, the statement said.