logo
Plus   Neg
Share
Email

Ryanair Holdings To Buy Malta Air - Quick Facts

Irish low-cost airline Ryanair Holdings (RYA.L) announce Tuesday that it has agreed to purchase Maltese start up airline Malta Air, into which Ryanair will move and grow its Malta based fleet of 6 B737 aircraft.

This investment in Malta Air will allow Ryanair to grow its already sizable presence in Malta, and access non-EU markets (North Africa) from Malta.

Following the planned completion of the deal at the end of June, Ryanair Holdings will Switch 6 Malta based aircraft, worth over $600 million, onto the Maltese register. This will increase its Malta-based fleet to 10 aircraft within three years and create over 350 jobs.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lawyers for the state of Oklahoma urged a judge on Monday to hold Johnson & Johnson (JNJ) responsible for the country's opioid epidemic. Oklahoma Attorney General Mike Hunter, in his closing arguments of the eight-week trial in Cleveland County, called the pharmaceutical company the "Kingpin" behind... Pizza chain Blaze Pizza has announced plans to offer a keto-diet-approved pizza crust, which will only have 6 grams of carbs. The pizza chain will swap flour for ingredients like flaxseeds, eggs, and cheese to offer the first-ever official keto-diet approved pizza. "As the first national chain... Even as Amazon.com Inc. kicked off its Prime Day annual shopping event on Monday, employees are expressing their dissatisfaction with the company. This year's Prime Day, Amazon's biggest celebration of deals, kick-started officially on Monday with more than one million offers for Prime Members in select countries around the world. The 48-hour extravaganza is the longest Prime Day ever.
Follow RTT