Maltese business jet operator Maleth Aero has today added three aircraft to its fleet through a management contract with Swiss company SkyWork Executive.
A new Beechcraft 90 GTX, a Beechcraft 350i and a Cessna Citation Ultra have all been placed on Malta’s fast growing aircraft registry and added to Maleth Aero’s Air Operator’s Certificate.
Aircraft Corporate Services (Malta) Limited, part of the Alpine Group, managed the importation and registration of the three aircraft.
“We are very pleased to have teamed with Skywork Executive and look forward to assisting them with their development into the future,” said Michael O’Brien, Chief Executive Officer of Maleth Aero.
“Our aim is to make the entire owning, operating and management of your aircraft an enjoyable experience, taking care of all the essential tasks whilst maintaining safety with service. Unlike most aircraft management organizations we maintain a strict policy of simplistic transparency enabling owners at all times to understand the cost base for your product.”
Sky Work Executive will sell the aircraft to its existing customer base but when they are not in use they will be chartered out to others by Maleth Aero.
“The successful importation of these three aircraft into Malta is a testament to the efficiency of the Maltese Civil Aviation Directorate and the Maltese Customs Department, in particular the Director General of the Civil Aviation Directorate Ian Falzon and his staff and the Assistant Director of Customs John Camilleri and Customs Agent Joanne Pace,” Fiona Healy, legal counsel for Aircraft Corporate Services said.
“The management agreement between Maleth Aero and SkyWork Executive was signed at the end of January and the aircraft were officially imported to Malta - and added to Maleth Aero’s AOC - a little under a month later.”
As well as managing the aircraft registration and importation, Aircraft Corporate Services (Malta) Limited also introduced senior executives at Sky Work Executive and Maleth Aero, suggesting that they might want to work together. Healy was first approached by SkyWork Executive to place the three aircraft on the Maltese Registry and she suggested that they might also want to enter into a management agreement with Maleth Aero.
“This was an especially interesting project as it is the first time that aircraft have been imported into Malta by a foreign operator to be managed by a local AOC,” says Healy.
Malta already has Europe’s largest ship register and is keen to grow its aviation industry. Malta is a full member of the European Union, and in the last three years, it has changed legislation and introduced incentives making it a very attractive jurisdiction for aircraft registration and operation.