Ryanair confirms Malta Air investment

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Ryanair has detailed plans to set up a unit in Malta, adding to its growing stable of airlines.

The Irish carrier will move six Malta-based Boeing 737s into start-up Malta Air and plans to grow the fleet based in the country to 10 aircraft within three years.

In addition, 200 crew will move to local Maltese contracts, and Ryanair says it plans to create 350 jobs over three years.

Ryanair says the investment will give it access to North Africa markets from Malta. The Maltese government had on 9 June disclosed an outline of the plans saying that the Ryanair initiative would help develop the island nation into a southern European transit hub.

The budget carrier will also add to its Maltese air operator's certificate (AOC) dozens of Ryanair aircraft currently based across France, Germany and Italy. The move will allow employees to pay income tax in those countries, rather than in Ireland, where the aircraft are currently registered.

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