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 Malta:

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

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

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

The situation started changing when ***** aircraft be***** ********** and the technical s*****ps in Malta ***** slowly removed. The other difficulty was in the short runways that Luqa had ***** the long-haul four eng*****e aircraft, and ***** aircraft started to move away to Li*****a. At the same time, the passengers within Malta started to suffer from ***** lack ***** *****, and this led to a Maltese company ***** 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 ***** a stage in Luqa. There was also a requirement for the local h*****ling of the services at Luqa, and this ***** taken ***** by the ***** ***** through a new unit c*****ed BAS (*****) *****. ***** was a br*****nch for British Aviation Services. The stated aim of ***** 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 same time ***** the ***** purpose. The market ***** small and the companies decided to


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