The Malta Independent 3 May 2024, Friday
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Air Malta Chairman receives additional €10,000 director’s fee per year

Thursday, 3 August 2023, 18:34 Last update: about 10 months ago

The Air Malta Executive Chairman receives a director's fee of €10,000 each year, apart from the €21,500 monthly salary.

Finance Minister Clyde Caruana has issued a correction to the response to a Parliamentary Question, to indicate the €10,000 annual director's fee.

The PN had previously called on Standards Commissioner Joseph Azzopardi to investigate Finance Minister Clyde Caruana for allegedly tabling a misleading report in Parliament about the salary of Air Malta's Executive Chairman David Curmi. The PN quoted reports through a Freedom of Information request from The Shift News, which it said have exposed Caruana as deceiving the Maltese people. It said that while in Parliament, Caruana stated that Air Malta's Chairman did not receive any remuneration as the Executive Chairman, reports by The Shift show that he was receiving a monthly package of around €21,500. 

In reaction, Caruana had written a letter to the Speaker of the House Anglu Farrugia, where he argued that the Parliamentary question made to him had been tied to honoraria, which asked for who the members of each board and entity under his ministry are, including chairpersons and secretaries, and also asked for what remuneration of every person on the board or respective entity. "Mr Curmi, the person who occupies the position of Executive Chairman of Air Malta, does not receive any honoraria for the company's board. Mr Curmi receives renumeration for running the company," Caruana wrote.

Now, Caruana has said a second letter to the Speaker. He said that his response regarding Air Malta to the Parliamentary Question was based on information sent by the company. "I want to inform you that on 3 August, I was informed by Air Malta Executive Chairman David Curmi, that while he does not have an honoraria as Board Chairman, he receives a director's fee of €10,000 each year, like other directors on other boards."

Caruana said that a correction to the Parliamentary Question response was made and apologised for the error saying "at no time was it my intention to mislead Parliament or give incorrect information."

He amended the remuneration under the Paarliamentary Question response to state €10,000. But there is still no mention in the PQ response of the monthly package of around €21,500. 

 

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