SRT delays hangar plans until aviation market starts recovery
Aircraft maintenance firm SR Technics has informed Malta Enterprise that it intends to start building its planned hangar once the aviation market starts to recover, Finance Minister Tonio Fenech has revealed in parliament.
He was replying to a parliamentary question by Labour MP Joe Mizzi, who asked what had become of the plans for SRT to build its own hangar.
Mr Fenech said the contract between Malta Enterprise and SR was still in force.
SRT had informed Malta Enterprise that while they had the required permits in hand, the building of the new hangar would start once the international aviation market started to recover. Talks between the two sides are continuing.
The company is operating from a hangar at Safi Aviation Park which belongs to Malta Industrial Parks.
SRT currently employes 146 full-time workers.
It was reported in March last year that the new hangar would be built near the airport's Gate Four.
It is due for completion in just over two years' time.