SR Technics has formally announced an expansion of operations with a new €35 million six-bay hangar at Safi Aviation Park.
The project is set to create around 350 new jobs – 50 fewer than originally estimated when a memorandum of understanding on thes subject was signed in May 2017. This will bring the number of company employees up to 510.
“We are committed to Malta. We are committed to bring new customers in. We look forward to bringing in more business from our customer base,” SR Technics said. SR set up business in Malta in 2010, and services numerous clients - including all of EasyJet’s aircraft - from its island base.
The aviation sector is growing in Malta, and contributed around 3 per cent to the GDP (gross domestic product) in 2017.
And it may continue to grow stronger following Britain’s exit from the European Union, according to government and industry stakeholders, who have underlined that the island’s bilateral relationship with the United Kingdom and its strategic geographical position could be important assets.