
Ryanair takes over Maltese subsidiary Malta Air
The Irish low-cost airline Ryanair has fully acquired its stake in Malta Air, founded in 2019. This was confirmed to The Times of Malta by sources. The sale of the state shares reportedly took place several months ago under the aegis of then Tourism Minister Clayton Bartolo. This step is in line with the pre-contractual agreements made when the airline was founded under then Tourism Minister Konrad Mizzi. When Malta Air was launched in 2019, the Maltese government secured a so-called golden share, which granted it rights to the Malta Air name and a right of veto in any potential sale of the airline. However, according to sources, the agreement also included a clause that gave Ryanair the right to buy out the government shares after a certain period of time, thus forcing the government to sell its shares. The establishment of Malta Air was hailed at the time as a sign of Ryanair's long-term commitment to Malta. Until 2022, the airline operated six aircraft with the Malta Air design, and Ryanair CEO Michael O'Leary announced a further expansion of the fleet. With the full takeover by Ryanair, the Irish company is now the sole shareholder of Malta Air. Ryanair dominates Maltese air traffic. In addition to Malta Air, Ryanair operates other similar subsidiaries, including Lauda Europe, also based in Malta, the Polish airline Buzz, and Ryanair UK, which was founded shortly after Brexit. Ryanair is already the dominant player in Maltese air traffic. According to a study by the Central Bank of Malta, the airline accounted for almost half of the total last year.








