New Aircraft Company Opening in Malta

 

 

 

 

 

A company that is based in the Netherlands has announced that they are opening their aircraft “cosmetics” company right here in the Malta Aviation Park.  Prime Minister Lawrence Gonzi and Finance Minister Tonio Fenech announced late this week that the company, called “Aviation Cosmetics” was relocating to Malta. The owners of the company, which specialises in aircraft cabin refurbishment and external aircraft painting, have put €22 million into the economy thus far through this relocation. This is certainly something that should be celebrated throughout the Maltese aircraft industry.

Dr. Gonzi was quite pleased with the arrangement and gave a short speech that focused on that. He stated that this was an excellent testimony to the success that Malta hopes to achieve in the aviation industry. He announced that there are currently over 1000 people who are employed by this industry and with this new company coming into the country, even more employment opportunities will become available. He also said that this proves that the country of Malta is attractive to investors and the vision that the government has worked so hard to achieve is beginning to take shape. There have been 130 projects approved in the past 4 years that have the potential to create a further 3400 jobs.

Finance Minister Tonio Fenech said that this announcement has injected new life into the economy and the aviation industry will certainly benefit from this. This announcement, according to Mr. Fenech, has allowed the government to achieve a short term goal and given a long term potential. He went on to say that this company’s decision to expand into Malta would help it to expand its market away from Europe. Malta is an ideal place to start this with its access to northern Africa and the Middle East.

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