Ryanair to purchase Maltese airline
By Andy Hoskins, published 14/6/19
Ryanair is poised to purchase Malta Air in order to extend its presence in Malta and access non-EU markets from the island.
The deal to purchase the start-up airline is expected to go through at the end of June and will see Ryanair move and grow its Malta-based fleet of six B737 aircraft.
It intends to increase its fleet on the island to ten aircraft within three years and brand the aircraft in Malta Air colours from summer 2020.
“Ryanair is pleased to welcome Malta Air to the Ryanair Group of airlines which now includes Buzz (Poland), Lauda (Austria), Malta Air, and Ryanair (Ireland),” says Ryanair CEO, Michael O’Leary.
“Malta Air will proudly fly the Maltese name and flag to over 60 destinations across Europe and North Africa as we look to grow our Maltese based fleet, routes, traffic and jobs over the next three years.”