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Italpress italpress.com 14 Jan, 2022 19:00 am

Air Malta in crisis, employees to be halved, routes will be removed Agenzia di stampa Italpress

Air Malta in crisis, employees to be halved, routes will be removed Agenzia di stampa Italpress
LA VALLETTA (MALTA) (ITALPRESS/MNA) - The Maltese national airline, Air Malta, will be halving its workforce as part of a restructuring plan to reduce the

Home Med news english Air Malta in crisis, employees to be halved, routes will be removed LA VALLETTA (MALTA) (ITALPRESS/MNA) – The Maltese national airline, Air Malta, will be halving its workforce as part of a restructuring plan to reduce the company’s costs.Minister Caruana said that he was being cautious in saying that this could be the last chance to save Air Malta.Ten years ago, Air Malta also underwent a restructuring and financial assistance plan as a result of a reduction in manpower, aircrafts and even routes.Last April, the Maltese Government presented a five-year financing plan for Air Malta although it seems the European Commission has rejected Maltàs plan to provide Air Malta with €290 million in aid.

This will save the national airline around €15 million every year.Last week, the Maltese national airline decided to cut the number of frequencies to all of its winter destinations but none of its routes.

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