The Minister for Transport, Infrastructure and Capital Projects, Aaron Farrugia, has launched the Government’s policy on the aviation industry. The sector is seen as one of the country’s main economic drivers.
Malta has a fairly diversified aviation industry which employs at least 1.2 per cent of the country’s workforce and is responsible for around 2.5 per cent of the national GDP.
The policy document titled “A Civil Aviation Policy for Malta 2023 – 2030” was finalised following a public consultation process that was launched in 2021 during a conference on the future of the aviation sector in Malta. Industry experts and representatives were invited to participate.
24 key objectives were identified to address the needs of the industry spread across five pillars. The pillars focus on building capacity, economic benefits, stakeholder collaboration, regulation and sustainability. Among the pillar’s objectives are the the need to:
The policy document also includes a strategic plan to make Malta a training hub for the aviation industry.
“The Government is committed to strengthening the current regulatory framework, investing in industry and in new economic niches, decarbonising the industry, and training the necessary workforce. We will ensure that environmental and climate change obligations are respected, that we take a leadership role in new economic niches, and that we use the geostrategic position of our country to continue to attract investment, becoming a training hub that fosters the skills necessary for the future,” stated Dr Farrugia.
It remains unclear whether insurance companies would benefit from additional certainty or balk at increased payouts
60% of SMEs improved their turnover in 2022 when compared to 2021