Ryanair Holdings has made arrangements for the acquisition of Malta Air, a Maltese start-up, in which Ryanair will transfer and increase its fleet of 6 Malta-based B737 aircraft. This investment in Malta Air will allow Ryanair to increase its already substantial presence in Malta (3 million customers a year) and access non-EU markets (North Africa) from Malta. Ryanair CEO Michael O’Leary said: “Ryanair is pleased to welcome Malta Air into Ryanair Group, which now includes Buzz (Poland), Lauda (Austria), Malta Air and Ryanair (Ireland). Malta Air will proudly keep the Maltese name and flag flying to over 60 destinations throughout Europe and North Africa; Meanwhile, we will proceed to increase our fleet, routes, traffic and jobs on Malta over the next three years. Malta’s tourism minister, Konrad Mizzi, said: “The relationship between Ryanair and Malta has evolved into a successful partnership.
Source: The North Africa Journal June 12, 2019 19:18 UTC