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National Saturday 21 July 2012 - 17:00

Transforming Air Malta

Air Malta chairman Louis Farrugia interviewed on the restructuring process and on making the airline profitable again.

Air Malta chairman Louis Farrugia
Jurgen Balzan

The Air Malta chairman Louis Farrugia speaks to MaltaToday on the recently approved restructuring plan which aims at turning the company from a loss making company to a profitable one in the space of three years.

This week Air Malta announced that it had made an operating loss of €29.8 million for the financial year which ended March.

Although no company would call this a success, this year's financial results mark an 'improvement' of €4.3 million over the previous year.

Farrugia shares his thoughts on how the company can turn things around, the much criticised management team and privatisation.

Read the full interview in tomorrow's edition of MaltaToday

 

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  • 1 Comment
Posted by: Charroll — 21/07/2012 18:52:50
Maybe Air Malta might consider using Biofuels made in Malta for its fuels. The company that is short;y to be starting operations in Malta has the option of making Biofuels for air transport in its matrix. And as this would cost a lot less than the current Abiation Gasoline by at leat €urocents 60 per litre its worth a lot of saved expenditure.