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Transforming Air Malta

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

Jurgen Balzan
21 July 2012, 12:00am
Air Malta chairman Louis Farrugia
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

 

Jurgen Balzan joined MaltaToday in 2011, specialising in politics, foreig...
anton portelli
Transforming airmalta into what?ghasafar tac-comb!!!!
Charroll
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.
COOL BREEZE
How can a loss of this magnitude be remotely considered an "improvement"? This is the THE EIGHTH (8TH)succeesive year that massive losses have been announced at Air Malta with the other common denominator being the inept and incompetent board.Losers and losses share a common bond!
COOL BREEZE
How can a loss of this magnitude be remotely considered an "improvement"? This is the THE EIGHTH (8TH)succeesive year that massive losses have been announced at Air Malta with the other common denominator being the inept and incompetent board.Losers and losses share a common bond!
Nigel Lawrence
so what is this gentleman's salary for being part of the management team that loses a mere €30,000,000?