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?

History ***** Air Malta:

The history of Air ***** 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 wh*****e jets that continuously fly over the ro*****tops in Malta. The present airline h***** been set up by an act of the Parliament on 31st march, 1973. The origin of the airline ***** in another ***** that was also called Air Malta ***** set up ***** 1947. There has been common shareholding in both these airlines and this ***** a period of more than 50 years. The first exercise was the setting up ***** an airline based on the large number of personnel and equipment that were left at the end of the Second World War, ***** that included aircraft.

***** were a ***** number ***** ***** that started in UK, and they all started operating from the many airfields that ***** built for ***** War. Quite a few of the colonies ***** the British empire also followed on ***** same path and national *****s 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 the major stopp*****g place on the journeys ***** the British ***** to ***** and South Africa, Middle East, the Indian sub*****continent ***** Australia. This provided a lot ***** flights ********** the airport was at Luqa, which got around 30 to 40 flights every week from the ***** Overseas Airways Corporation. 1

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

***** situation started changing when the aircraft be***** bigger 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 *****, and ***** aircraft started to move away to Li*****a. At the same time, the passengers within Malta ***** ***** suffer from ***** lack of *****, and ***** led to a Maltese company c*****ed Cassar & Cooper to charter aircraft from British companies to fly to destinations ***** UK. Prior to this arrangement, one could leave Malta only through the G*****nment priority List ***** be put on the different aircraft ***** still ***** a stage in Luqa. *****re was also a requirement for the loc*****l handling of the services at *****, and this was taken up by the same ***** through a new unit cal***** BAS (*****) *****. ***** was a branch for British Aviati***** Services. The stated aim ***** ***** company was to handle aircraft at the airport and also operate aircraft in co-operation with Charter Air Ltd.

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


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