Libyan Airlines, ?????? ?????? ????????, was founded in 1964 and is the flag carrier of Libya. It was originally known as Libyan Arab Airlines until 2006 where they renamed to their current form.
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There were a few factors that led to Air Italy's downfall. One early issue was the grounding of the Boeing 737 MAX and the inability of the new carrier to operate three MAX 8 jets of which it had already taken possession. With the jets grounded, Air Italy was forced to lease three replacement planes.