In three or four years’ time, Air Malta could be carrying out long-haul flights to the US and Canada, according to Tourism Minister Konrad Mizzi.
“It is important for Air Malta to focus on the main airports in Europe, Scandinavia, Cairo and the Middle East and in three to four years’ time we should have flights to New York and Toronto,” said Dr Mizzi, who was a guest on TVM’s Xtra.
He said the airline’s survival depended on growth, and that it would eventually have to change its fleet, which would help it save on fuel costs as a result of more efficient aircraft.
Dr Mizzi said that Air Malta had managed to make a slim profit in the financial year that ended in March 2018 and would focus on its cash flow over the next two years. The accounts will be presented in the next few weeks at the company's annual general meeting.
Air Malta was recently presented with the CAPA Turnaround Airline of the Year Award at the 2018 CAPA World Aviation Outlook Summit for its successful transformation, going from making heavy losses to a break-even result for the fiscal year ending March 2018.
The summit will be hosted in Malta next year.