Wednesday, June 19, 2019
Ryanair Holdings bought Malta Air on June 11, this year. The carrier will initially have six aircrafts and operate the 61 routes which Ryanair flies from Malta. The company aims to increase Malta-based fleet to 10 aircrafts within three years and brand its Malta-based fleet in Malta Air colors for Summer 2020.
To quote Ryanair CEO, Michael O’Leary, “Ryanair appreciates the expertise of the Maltese Civil Aviation Directorate (CAD) in licencing Malta Air to operate the B737 aircraft and we look forward to working closely with the Maltese authorities over the coming years as we hope to add over 50 more aircraft to the Maltese register.” The company plans to move its aircraft from France, Italy and Germany onto the Malta AOC which will allow these crews to pay their income taxes locally in France, Italy and Germany instead of Ireland.
“The setting up of Malta Air will go a long way for the better sustainability of the tourism industry as well as maintaining its growth momentum,” said Malta‘s Minister of Tourism Konrad Mizzi.
Ryanair Group, besides the Irish low cost giant, currently has three smaller subsidiaries (Ryanair Sun, Ryanair UK and Laudamotion). Ryanair Sun, which will be rebranded as Buzz, a Poland-based airline, started its operations last year. Austrian airline Laudamotion was acquired in late 2018, while Ryanair UK was granted an AOC in early 2019.
Tags: Ryanair Airlines
