The Maltese national carrier Air Malta, “due to financial difficulties and rejection of the request for support from the EU”, went bankrupt and is going down in history.
We will remind you that the company has 50 years of experience – Air Malta started its work in 1974. “After long and difficult negotiations with the European Union, the Maltese government decided to terminate the carrier’s operations. This decision was taken after Air Malta was unable to find a solution to its financial difficulties and its request for financial support from the European Union was rejected,” the Maltese press writes.
The airline will make its last flight on March 31, 2024. Then it should be gradually replaced by KM Malta Airlines. KM Malta Airlines, which will serve 17 airports in Europe. It is said that the new company will be partially owned by private enterprises through a share issue or strategic partnership.
