Full article on alarabiya.net
Risk-averse entrepreneurs look away now.
In the notoriously volatile airline industry, even well-established operators are never more than a few months from bankruptcy. The threat is compounded tenfold for start-ups – and is incalculably higher in a warzone.
Small wonder that Libyan Wings, the full-service airline unveiled after the overthrow of Muammar Qaddafi, missed several planned launch dates.
Last year's near-total destruction of Tripoli International Airport, its planned home base, certainly didn't help matters. Nor did the wider unravelling of Libya's fractured political climate, with two rival governments claiming sovereignty in the country and an ugly franchise of Islamic State rampaging over contested territory.
But the airline's private investors have persevered, and under the stewardship of chief executive Edgardo Badiali Libyan Wings finally took to the skies in September...