Malta’s reputation for excellence in the aviation sector is still growing, with the country ranking first in the Cape Town Compliance.
This was announced by Minister for Transport, Infrastructure and Capital Projects Aaron Farrugia during the European Business Aviation Convention (EBACE) in Geneva, in which Transport Malta is participating.
He explained that this result was achieved as our country introduced a very robust legislative framework for the registration of aircraft under the Maltese flag.
The Cape Town Convention is an important legislative framework in the aviation sector, and provides protection to the interests of sellers, buyers, and creditors through the creation of an international registry for this sector.
At present, Malta has a score of 95—which is considered to be very high in the industry.
At EBACE, the minister met with various stakeholders as hundreds of exhibitors and trade leaders, government officials, manufacturers, industry employees, leasing companies and aviation partners, both from Europe and around the world, will be participating in EBACE. During the convention, commercial aviation leaders nurture the innovation and investment that is driving the industry forward, with advances in air mobility, sustainable flight and worker development.
Minister Farrugia said that the Ministry together with the Directorate of Civil Aviation within Transport Malta will further strengthen the future prospects of aviation in Malta. In fact, it has recently been announced that the Maltese registry has registered almost 700 aircraft flying the 9H flag.
A few days later it was also announced that after lengthy negotiations, WizzAir will be setting up an airline based in Malta. Minister Aaron Farrugia stated that this clearly shows how Malta is being the jurisdiction of choice for many operators working in the aviation sector.
This growth further strengthens Malta’s economy and creates new and better quality jobs, the Minister said.
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Seat Load Factor also stood strong during the period, with an increase of 6.8% when compared to 2019