Air Malta leases aircraft on long-term

The national airline yesterday announced the conclusion of talks for the long-term lease of its 12th aircraft, while denying reports that discussions were under way to lease another one.

Air Malta pointed out, in a statement, that it only operated with its full 12-aircraft fleet last year and in summer this year. The 12th aircraft was always leased during the winter months.

This decision had been taken to ensure Malta had adequate connectivity and seat capacity to and from mainland Europe following the withdrawal by other carriers on the Malta route, it said, adding this was done for the benefit of the local tourism industry.

In 2008, Air Malta leased out two of its aircraft in the winter season to Etihad and Sky Services of Chile, the airline said. It would evaluate the possibility of a short-term lease for its 11th aircraft should the occasion arise.

The airline is currently fighting for survival and is in the process of hammering out a restructuring plan, with losses this year expected to exceed the €31 million deficit registered last year. An emergency loan has been authorised by the European Commission.