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 ***** Air Malta:

The history of Air ***** is original in the sense that it started of earlier as a different airline, under ***** management than came back ***** the airline that flies the big red and white jets that continuously fly over the ro*****tops in Malta. The present ***** 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 ***** set up in 1947. ********** has been comm***** shareholding in both these airlines and this for a period of more than 50 years. The first exercise was the *****ting 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 large number of airlines ***** started in UK, and they all started operating from the many airfields that were built for ***** *****. Quite a few ***** the colonies of the British empire *****lso followed on ***** 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 of those days was as ***** major s*****pping place on the journeys ***** the British aircraft to East ***** 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 ***** 40 flights every week from the ***** Overseas Airways Corpor*****ion. 1

*****. Robin J. Zammit. Air Malta Ltd. (1947-1951) Retrieved at http://www.geocities.com/robinzammit/*****Malta1946.html. Accessed on 31 May, 2004

***** situation started changing when ***** aircraft be***** *****ger and the technical stops in Malta were slowly removed. The o*****r difficulty was in the short runways that Luqa had for the long-haul four eng*****e aircraft, and ***** ***** started to move away to Libya. At the same time, the passengers within Malta ***** to suffer from the lack ***** flights, and ***** led to a M*****ltese company c*****ed Cassar & Cooper to charter aircraft from British companies to fly to destinations within 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 h*****ling of the services at *****, and this ***** taken up by the same company through a new unit called BAS (Malta) *****. ***** was a br*****nch ***** British Aviation Services. The stated aim of ***** company was to handle aircraft at the ***** and also oper*****e aircraft in co-operation with Charter Air Ltd.

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

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