Tuesday, October 18, 2016

Communists speak out against the part-privatisation of AirMalta

The Communist Party of Malta appeals to Parliament to not push forward the part-privatisation of Airmalta be it by selling shares to a foreign company or to local businessmen. The Government should safeguard the country’s state-owned assets.
“Other measures should be found in this regard, such as the setting up of a ‘public’ company to register part of the present workforce under this new company.  Government should also consider opening up of new subsidiary companies in the tourism sector that will be connected to the mother company AirMalta, so to assist financially the national airline". 
“Also the Government should consider buying 40% of the total shares of Malta International Airport, a fully privatised entity. The privatisation of MIA  has resulted in massive loss to AirMalta’s revenue.

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