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Libya: Airport damage from heavy fighting to cost up to $400 million, says Barclays

July 22, 2014 - 6:00am

Clashes between rival Libyan militias at Tripoli airport resulted in an estimated $200 million to $400 million in damages to aircraft, Barclays P.L.C. said in research.

The aviation war market is expected to bear the aircraft loss, Middle East Insurance Review reported.

The shelling damaged 20 aircraft, reports Reuters.

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