The Malta Independent 19 April 2024, Friday
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Air Malta has a ‘bright future’, PM says

Thursday, 4 July 2019, 10:05 Last update: about 6 years ago

The 20th anniversary commemorating Air Malta services to Prague is yet another milestone achieved by the national airline, an airline that successive governments have always been proud of, Prime Minister Joseph Muscat said.

“We, as government consider Air Malta to be part of the island’s critical infrastructure, not only intended to facilitate travel to and from Malta, but to act as a vital bridge to the rest of the continent and beyond. And this is why, we have a very clear vision for this airline to have a bright future.”

Speaking at the Corinthia Hotel in Prague during an event organised by Air Malta commemorating the 20th anniversary of flights between Malta and Prague, Muscat said that  this anniversary means that Air Malta has serviced this route for almost half of its existence. The government’s strategy for the airline is to keep adopting a strategy of growth. During the past years, Air Malta has undergone a restructuring process, after which we have seen the airline adding new planes to its fleet, including a brand-new Airbus A320 neo, increasing routes and flying new destinations.

These important strategic measures have led for the airline to successfully register its first operational profits after 18 years of registering losses. For the years ahead, Air Malta will keep focusing on sustaining and continuously upgrading its business-class offering and fly premium destinations, medium-haul routes such as India and New York in the US and Mumbai in India, and the African region.

These improvements are not only important to the airline itself, but to the country’s economy as a whole, Muscat said. For the past 45 years, the airline has contributed significantly to the country’s economy, being a crucial element in one of our major economic contributors – our tourism industry.

What is most relevant and interesting, is that in spite of all of Malta’s economic restructuring and sustained, above-average, GDP growth, tourism has managed to retain its traditional direct share of around one sixth of the Maltese economy, climbing to even higher levels when its impressive economic multipliers are taken into account, said the Prime Minister.

This implies that tourism has kept in step with economic growth rather than losing ground in the face of alternative services sectors. This is why as a government, even with the help of Air Malta, we must ensure this sector’s sustainability. This is even more relevant in the case of small destinations like Malta and Gozo, where the issue of sustainable tourism development has a very huge bearing. 

Prime Minister Joseph Muscat emphasised that the Corinthia Hotel is a clear example of how a Maltese family-inspired business can grow and establish a global and luxury hotel brand. The Prime Minister concluded that it is inspiring, to have such a brand portraying luxury in a number of cities around the globe hanging the Maltese flag on its doorstep. 

The event was addressed also by the Ministry for Tourism Konrad Mizzi who said that this event is celebrating the success of the two countries and the Chairman of Air Malta Dr Charles Mangion who outlined the vision for the future of the national airline.

 

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