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 of Air Malta:

The history ***** 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 airline h***** been set up by an act of t*****e Parliament on 31st march, 1973. The origin of the airline ***** in another ***** that was also called ***** Malta ***** ***** up in 1947. There has been comm***** sharehold*****g in both these airlines and this for a period ***** more th*****n 50 years. The first exercise ***** the setting up of an airline based on the large number ***** personnel and equipment that were left at the end of ***** Second World War, ***** that included aircraft.

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

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

***** situation started changing when ***** 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 the aircraft started to move away to Li*****a. At the same time, the passengers within ***** ***** ***** suffer from the lack ***** *****, and ***** led to a Maltese company ***** Cassar & Cooper to charter aircraft from British companies to fly to destinations ***** UK. Prior to this arrangement, one could leave Malta only through ***** G*****nment priority List to be put on the different aircraft ***** still ***** a stage in Luqa. *****re was also a requirement for the local handling of the services at *****, and this was taken up by the ***** company through a new unit called BAS (*****) Ltd. ***** was a branch ***** 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 companies which ***** opened at about the same time for the same purpose. The market ***** small and the companies decided to


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