Minister for Finance, Clyde Caruana has said in an interview with the ‘Illum’ newspaper, that Air Malta is making a loss of €170,000 per day. This amounts to just over €5.2 million per month and around €62 million a year.
The Minister also said that if the company wasn’t in the best of states before the pandemic, it’s definitely in very bad shape now.
The Maltese Government will be proposing a plan which includes financial aide in front of the European Union. Caruana said that if the EU decides not to help with this project, Air Malta might have to close its doors for good.
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