Just one €2-million bid for Selmun hotel and castle

Konrad Scicluna

May 13th, 06:34

Rather than selling it outright could not a company be set up,sell its shares to the Maltese Public giving preference to previous Selmun employees and Airmalta employees and encourage this company to borrow money at favourite rates from local banks to completely renovate it. The hotel would then possible be run by a selected management group which would be chosen amongst sharerholders with their contract renewable every period of years.

The Goverment (or Airmalta) would save the costs associated with this renewed drive to sell and could use the money that would have been spent ito buy shares in this same company.

I am sure that given the opportunity the Maltese would invest in such a venture given that all stock offer opportunities are always oversubscribed.

Ron Saliba

Jan 14th 2010, 16:47

lgalea's comments always baffle me! EU airways!! lol! maybe he said that cos he cannot defend labour this time, cos it was his labour who built that ugly hotel.

s degabriele

Jan 14th 2010, 14:41

8.00000 lira meta km ghanda 5miljun lira dejn issa darba ohra l km immiss bejh bic cicri

k.pace

Jan 14th 2010, 13:01

One perfect example of 'oracle of stupidity'.

Karl Abela

Jan 14th 2010, 12:12

@lgalea

You are forever stuck with the labour party's redundant policy about the EU based on the lack of fundemental understanding on the subject. I am not sure that Joseph Muscat is enjoying your flawed theories.

The EU is all about fair competition... one European airline means monopoly. It is common knowledge that monopoly is not in the EU dictionary. You know this perfectly well, but your extreme hatred towards the EU and this government seriously distorts your ability to reason straight.

Peter Murray

Jan 14th 2010, 11:52

Given that this is virtually a done deal, as only one bidder is bound to be successful,perhaps the identity of this acquisition can be revealed alonfg with the future plans for the hotel and its staff?

Anthony Farrugia

Jan 14th 2010, 11:16

@ Igalea ; Your usual anti - EU conspiracy theory.

D Phillips

Jan 14th 2010, 10:50

@IGalea
Always promoting conspiracy theories. Do you have a good word to say about anything?

lgalea

Jan 14th 2010, 10:30

"It is being sold in line with Air Malta's declared strategy to divest itself of non-core operations and to focus solely on the airline business."
It has been ordered to do so by the eu because it does not want our airline to cross subsidize any of its airline operations.
The other reason is because the eu wants all national airlines to go bankrupt and then it will have only one airline, an eu airline. This is the eu long-term plan.