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 *****:

The history of Air Malta is original in the sense that it started of earlier as a different airl*****e, under ***** 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 ***** in another airline that was also called ***** Malta ***** set up in 1947. There has been comm***** sharehold*****g in both these *****s and this ***** a period ***** more th*****n 50 years. The first exercise ***** the *****ting up of an airline based on the large number of pers*****nel and equipment that were left at the end of the Second World War, and that included aircraft.

There were a ***** number of *****s ***** started in UK, and they all started operating from the many airfields that were built for the *****. Quite a few of the colonies of the British empire also followed on the same path ***** national airlines were started in many countries *****cluding Cyprus, Iraq, Syria, Lebanon, Hong Kong, East Africa and o*****rs. All these airlines sprang up during the period of 1945 to 1947. The importance of ***** in aviation of those days was as the major s*****pp*****g place on the journeys ***** the British aircraft to ***** and South Africa, Middle E*****t, the Indian sub-continent ***** 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/AirMalta1946.html. Accessed on 31 May, 2004

The situati***** started changing when the aircraft became bigger 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 the ***** started to move away to Libya. At ***** same time, the passengers within ***** started to suffer from the lack of *****, 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 ***** G*****nment priority List to be put on the different aircraft that still ***** a stage in Luqa. *****re was also a requirement for the local h*****ling of the services at *****, and this was taken ***** by the same company ***** a new unit called BAS (*****) Ltd. which was a branch for 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 companies ***** were opened at about the same time ***** the ***** purpose. The market was small and the companies decided to

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