Air Malta has sold its wholly owned subsidiary company Sterling Travel and Tourism to Alpine Holdings Ltd, the national airline said.
The sale is in line with Air Malta's strategy to focus solely on core operations.
The agreement entails that Sterling employees be amalgamated within the new structure. The company was set up in 1966 as LAC (Malta) Ltd. In recent years, it provided a handling service to Holiday Malta Company Ltd. It had a license to carry out operations of an incoming tourism agent, outgoing travel agency, destination management company and organised excursion operator.
Air Malta also plans to sell Air Supplies and Catering Co. Ltd and its hotel interests.