The low-cost airline Ryanair, in collaboration with the Maltese government, has announced a €20 million investment in a maintenance and repairs facility on the island which will cater for the airline’s aircraft.
CEO of Ryanair Eddie Wilson addressed a press conference on Tuesday, announcing the substantial investment which allows for the airline to carry out repairs and operations at the Malta International Airport.
By means of its new MRO operations, Ryanair will have a more seamless operation in the country, as well as creating 250 new job opportunities, he said.
Wilson said that Ryanair has managed to grow its capacity by 115% from summer 2019 to the upcoming summer. He said that the airline has managed to keep all workers employed and has fully recovered from the Covid-19 pandemic.
The €20 million investment will see the airline initially take over an existing hangar, before expanding to accommodate a further three bays later down the line.
Prime Minister Robert Abela said that the maintenance, repairs and overhaul facility on the island will lead to a more thriving aviation industry, as well as create 250 new quality careers in the sector.
He said that the investment will lead to a 25% growth in employment in this sector. Abela said that the government will give the opportunity for training in the sector through specialized academies and institutions to prepare employees with the appropriate skillsets.
Abela said that the removal of Malta from the FIAU’s greylisting will continue to improve the country’s standing to do business, sending a message of optimism to foreign investors.