Italian airline Alitalia says it is considering buying a 49 percent stake in Air Malta.
Alitalia, which is controlled by Abu Dhabi carrier Etihad Airways, signed a memorandum of understanding Wednesday with the Maltese government to launch due diligence on a possible deal. Alitalia CEO Cramer Ball said any deal would not hurt Alitalia’s three-year re-launch, which includes the goal of returning to profit by 2017.
Malta tourism minister Edward Zammit Lewis said Air Malta will cease talks with other airlines, and that financial details of a possible deal are still to be determined. No deadline has been set.
Loss-making Air Malta is in the last year of a five-year restructuring plan agreed with the European Commission in return for approval of 130 million euros in state aid.
ProLogium announced the signing of a MoU with Elysian Aircraft BV, a Dutch aerospace company developing large-scale battery electric aircraft and core electrification technologies for aviation. U...
flydubai announced that applications are now open for its newly launched Flight Dispatcher Programme for Emirati talent. Following the MoU signed earlier this year with Emirates Aviation University, t...
Etihad Airways celebrated the inaugural flight of its iconic Airbus A380 to Japan, which touched down at Tokyo’s Narita International Airport on 18 June. The arrival marks a landmark moment for...
ExecuJet MRO Services Malaysia announced new apprenticeship programme, aimed at developing the next generation of aircraft maintenance professionals, has produced its first batch of qualifie...
