A new wholly government-owned company registered under the name Malta Air Travel Limited, has been incorporated with an authorised share capital of €70 million.
In a statement, Government said that the objective for the setting up of the new company, which by law requires an air operating certificate, is to own Air Malta slots in various airports.
“Concurrently, the new Government company is undertaking to enter into a lease agreement so that the same slots will continue to be operated by Air Malta at an agreed commercial fee for a long-term period,” the statement said.
“This strategy supports the government’s objective to transform Air Malta into the airline of the Mediterranean.”
It was announced earlier this week that Air Malta would be introducing a new service between Catania and Vienna following the bankruptcy and immediate withdrawal of NIKI from the market.
Air Malta will operate a twice weekly service from Malta to Vienna via Catania every Tuesday and Friday, starting from 19th January.
The airline described this move as “a significant step towards the growth strategy and development of a second hub on our neighbouring island of Sicily.”
“The introduction of this service is an excellent opportunity for Air Malta to explore new opportunities and start positioning the airline as a leading carrier connecting the islands to important regions in Europe and across the Mediterranean.”