Air Malta to close after summer
Millions of euros in redundancy and severance packages are on the near horizon with the dissolution of Air Malta expected by the end of this year, ‘The Shift’ reported.
The plan to dissolve the national airline of Malta and start afresh with a leaner and more commercially-viable airline is now in full motion. Ongoing discussions with Brussels are now focusing on how the transition to a new airline can be made without breaching the EU’s strict state aid rules.
Sources have explained that the European Commission has informally told the government there is no chance of the €290 million capital injection the government requested in 2020 being approved. Given that, the government is now in the final stages of dissolving Air Malta once and for all and creating a new carrier in its stead. The move is expected to be finalised by the end of the year. (www.theshiftnews.com)