The government is concluding talks with Ryanair on the setting up of a new airline in Malta, Tourism Minister Konrad Mizzi confirmed with The Malta Independent.

Mizzi, speaking with The Malta Independent, confirmed that discussions with Ryanair for the establishment and growth of a Malta based airline are at an advanced stage. Ryanair already operate 61 routes from Malta. 

Mizzi said that, "once concluded this  will be an innovative partnership which forms part of our vision to develop Malta into an aviation hub in the heart of the Mediterranean - helping to secure a prosperous future for our children, and theirs.  We had a tough, business-focused negotiation - which you'd expect from a global brand like RyanAir - but we are working to secure a fantastic deal for Malta.  Just as importantly, we've built a bond of trust with a world-renowned company, and demonstrated that we are open for business, and open to the world."

Mizzi also highlighted that "Government will continue to invest in Air Malta which is growing and focusing on a different business model and market offering." 

Ryanair committed to the generation of several new routes, and to double its fleet of planes in Malta. The new company, the report read, will incorporate the 61 Ryanair routes to and from Malta.

It also reads that the airline will be called Malta Air, that around 350 people will be employed, and that the government of Malta will hold shares in the new company.