Malta's government and trade unions agreed Tuesday to set up a steering committee to oversee the restructuring of Air Malta as the national airline's future “hangs in the balance,” several Maltese media outlets reported.
The government has notified the European Commission of its aim to grant KM urgent rescue aid tied to a massive restructuring program. No details about this plan are available at this time, but early retirement schemes are expected. KM CEO Joe Cappello declined to comment to ATW on the ongoing situation within the carrier.
Malta's government and trade unions agreed Tuesday to set up a steering committee to oversee the restructuring of Air Malta as the national airline's future “hangs in the balance,” several Maltese media outlets reported. The government has notified the European Commission of its aim to grant KM urgent rescue aid tied to a massive restructuring program. No details about this plan are available at this time, but early retirement schemes are expected. KM CEO Joe Cappello ...
Subscribe to Access this Entire Article
"Air Malta struggles for survival " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
