Medavia Technic, one of Safi Aviation Park's tenants, has announced a new €2 million investment in its hangars, equipment and tooling. The new investment continues to solidify the aviation sector as an emerging industry of the Maltese economy.
Ukrainian President Petro Poroshenko announced that Malta could become the site of a Ukrainian grain distribution facility for the North African market during a joint press conference with Prime Minister Joseph Muscat. Poroshenko also highlighted that the Ukrainian Antonov aircraft company is willing to open an office in Malta.
Bank of Valletta held the sixth edition of the BOV Aviation Outlook at their head office in Santa Venera on May 8th. The conference highlighted Malta's continued growth of the aviation industry with maintenance, repair and overhaul (MRO) operations, back-office setups, R&D and the production of aircraft components.
The maintenance, repair, and overhaul (MRO) service provider SR Technics sign a memorandum of understanding with Malta Enterprise and Malta Industrial Parks Limited to grow its Malta operations by investing €30 million in a new hangar. The investment is envisaged to create 400 new jobs in Malta.
Minister Joe Mizzi spoke at the 22nd European Aviation Authorities' Chief Medical Officer's Forum and stressed how Malta have managed to build a cluster of well-recognised aviation companies choosing to base their operations in Malta. There are now over 220 aircraft on the register and around 30 operators holding Maltese certificates.
The global aviation industry is touching down in Malta and is becoming an important contributor to the island’s growing investment pie. A new legislative framework has turned Malta into a recognised address for the registration of both private and corporate jets, while maintenance, repair and overhaul (MRO) providers have long discovered Malta to be a profitable base.