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 of Air Malta is original in the sense that it started of earlier as a different airline, 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 h***** been set up by an act of t*****e Parliament on 31st march, 1973. The origin of the airline ***** in another airline that was also called ***** ***** ***** set up in 1947. There has been common sharehold*****g in both these ********** and this for a period of more than 50 years. The first exercise ***** the *****ting up of an airline based on the large number ***** pers*****nel and equipment that were left at the end of the Second World War, and ***** included aircraft.

***** were a ***** number of airlines that started in UK, and they all started operating from the many airfields that were built for ***** War. 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 ***** Malta in aviation of those days was as the major stopp*****g place on the journeys for ***** British aircraft to ***** ***** South Africa, Middle E*****t, the Indian sub-continent and Australia. This provided a lot ***** flights ***** the *****irport was at Luqa, which got around 30 ***** 40 flights every week from the ***** Overseas Airways Corpor*****ion. 1

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

The situati***** started changing when ***** aircraft be***** *****ger and the technical stops in Malta were slowly removed. The other difficulty was in the short runways that Luqa had ***** the long-haul four engine aircraft, and the aircraft started to move away to Libya. At ***** same time, the passengers within ***** started ***** suffer from ***** lack of flights, and ***** led to a M*****ltese company cal***** 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 to be put on the different aircraft that still had a stage in Luqa. There was also a requirement for the local handling ***** the services at Luqa, and this was taken ***** by the same company ***** a new unit called BAS (Malta) Ltd. ***** was a branch for British Aviation Services. The stated aim of this company was to handle aircraft at the airport and also operate aircraft in co-operation with Charter Air Ltd.

*****re 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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