Essay - What is the Socio-economic Impact of Restructuring for Privatization -...

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What is the socio-economic impact of restructuring for privatization - Air Malta?

H*****tory of Air *****:

The history ***** Air Malta is original in the sense that it started of earlier as a different airline, under different management than came back ***** the airline that flies the big red and wh*****e jets that continuously fly over the ro*****tops in Malta. The present airline has been set up by an act of the Parliament on 31st march, 1973. The origin of ***** airline is in another airl*****e that was also called Air Malta and set up in 1947. ********** has been common sharehold*****g in both these airlines and this for a period of more than 50 years. The first exercise ***** the ********** up ***** an airline based on the large number of pers*****nel and equipment that were left at the end ***** the Second World War, ***** that included aircraft.

There were a ***** number of *****s ***** started in UK, and they all started operat*****g from the many airfields that were built for the *****. Quite a few of the colonies ***** the British empire *****lso followed on the same path ***** national airlines were started in many countries *****cluding Cyprus, Iraq, Syria, Lebanon, Hong Kong, East Africa and others. All these airlines sprang up during the period of 1945 to 1947. The importance ***** ***** in aviation of those days was as the major stopping place on the journeys for the British ***** to ***** ***** South Africa, Middle E*****t, the Indian sub*****continent and Australia. This provided a lot of flights ***** the airport was at Luqa, which got around 30 to 40 flights every week from the British Overseas Airways Corpor*****ion. 1

*****. Robin J. Zammit. Air Malta Ltd. (1947-1951) Retrieved at*****Malta1946.html. Accessed on 31 May, 2004

***** situati***** started changing when ***** aircraft became *****ger and the technical stops in Malta were slowly removed. The other difficulty was in the short runways that Luqa had for the long-haul four engine aircraft, and the ***** ***** to move away to Libya. At ***** same time, the passengers within ***** started to suffer from ***** lack ***** flights, and ***** led to a Maltese company called Cassar & Cooper to charter aircraft from British companies to fly to destinations ***** UK. Prior to this arrangement, one could leave Malta only through the Government priority List ***** be put on the different aircraft ***** still had a stage in Luqa. *****re was also a requirement for the local handling of the services at Luqa, and this ***** taken up by the same ***** ***** a new unit called BAS (*****) *****. which was a br*****nch ***** British Aviation Services. The stated aim of this company was to handle aircraft at the ***** and also operate aircraft in co-operation with Charter Air Ltd.

There were many other ***** which were opened at about the ***** time for the same purpose. The market was small and the companies decided to


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