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 Malta is original in the sense that it started of earlier as a different airl*****e, under ***** 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 ***** 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. There ***** been common sharehold*****g in both these airlines and this for a period ***** more than 50 years. The first exercise was 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.

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

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

***** situati***** started changing when the aircraft be***** ********** 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 engine *****, and ***** aircraft ***** to move away to Li*****a. At the same time, the passengers within ***** started ***** suffer from the lack of *****, 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 ***** 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 ***** the services at *****, and this was taken ***** by the same ***** ***** a new unit called BAS (Malta) Ltd. ***** was a branch for British Aviati***** Services. The stated aim of ***** company was to handle aircraft at the airport and also operate aircraft in co-operation with Charter Air Ltd.

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


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