A new national airline would launch on March 31 of next year, taking the place of the current flag carrier, Air Malta, which will run its final trip on March 30.
In response to the European Commission’s earlier rejection of the government’s request for further state support for the carrier, PM Abela claimed that an agreement had been reached with the EU about the transition to the new airline.
Despite the European Union’s initial desire for a reduction, the newly recapitalized airline will maintain Air Malta’s present fleet of eight Airbus A 320 aircraft. It will stop operating on routes that weren’t beneficial and fly to 17 destinations. As recently as 2019, 37 locations were served by Air Malta.
Amsterdam, Berlin, Brussels, Catania, Dusseldorf, London Heathrow and London Gatwick, Lyon, Madrid, Milan, Munich, Paris, Prague, Rome, Vienna, and Zurich will all be served by the new airline. Copenhagen will soon have a new service, but Palermo, Naples, Nice, Geneva, Lisbon, and Tel Aviv will lose their current ones.
In roughly two years, the new airline will be more productive, reach a greater passenger load factor, and turn a profit.
On the airline’s name, the company name will change from Air Malta to KM Malta Airlines plc.