The Lynx is kept by Libia as long as Malta does not return the Mirage F1's. I think that is the statement made by Libya. See the link in the post from Malcolm Bezzina.
So, what did we learn: never believe the press. Ever. However, don't become a conspiracy theorist either. Anyway: the Lynx was (financially) written off already, so... Perhaps we can bomb the sh*t out of it, just like the Americans did with the remains of their mudhen?