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 *****:

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

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

*****. Robin J. Zammit. Air Malta Ltd. (1947-1951) Retrieved at http://www.geocities.com/robinzammit/AirMalta1946.html. Accessed on 31 May, 2004

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

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

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