Air Malta to restructure

The Finance Minister of Malta has announced Air Malta is set to go through a restructuring which will see the termination of up to half of its workforce, a reduction of routes and the abandoning of planned long-haul flights. The airline, which was already unprofitable before the pandemic, has since 2005 lost a total of 258 million USD.

Most notable for the outside world is that the airline will introduce a new and simple livery as the current one is very complex and therefore expensive to maintain. As for the fleet, due to not moving forward with the plan of flying long-haul, the airline has adjusted the plan to obtain two A321neoLRs into a planned lease for three additional A320neos. The trio is set to replace Air Malta's remaining three A320s by 2024, resulting in an all seven-strong A320neo-fleet.

Illustration via Twitter.