Air Malta, which posted an operating loss of MTL2.3 million ($6.6 million) in the first nine months of its fiscal year, announced Wednesday that COO Joe Cappello has replaced Ernst Funk as CEO. Cappello joined the airline in 1976 working in market research and rose to become COO in 2002. "Cappello's experience is vast in every area of our business, not least in the critical commercial revenue generation aspect," Air Malta Chairman Lawrence Zammit said.

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