As a strategic manoeuvre to regain control of the ailing airline, the Maltese government has launched KM Malta Airlines as the successor to Air Malta, commencing operations on March 31, 2024. Following extensive negotiations with the European Commission concerning state aid and previous restructuring endeavours, this transition aims to revitalise Malta's air travel sector.
KM Malta Airlines, buoyed by recent recapitalisation efforts, will inherit Air Malta's existing fleet of eight Airbus A320neo aircraft. Despite initial pressures from the European Union for fleet reduction, the new carrier will maintain operations with these planes, streamlining its route network to 17 profitable destinations.
Former Air Malta employees, approximately 400 in number, will seamlessly transition to roles within the new airline, preserving jobs and expertise within the industry. With a trimmed-down workforce and a renewed focus on efficiency, KM Malta Airlines sets its sights on achieving profitability and operational excellence within a two-year timeframe.
As Air Malta bows out after five decades of service, KM Malta Airlines emerges with a fresh perspective, retaining the familiar name and livery while charting a new course for Malta's aviation future.
