Air Malta needs 600 redundancies to remain viable

Maltese finance minister Tonio Fenech has announced that 600 redundancies are required at Air Malta to ensure it remains a viable airline. A restructuring plan devised by Ernst & Young came up with the plan, which says €70 million is needed to transform the airline’s losses into profit. Fenech says the government would take care of redundant workers as well as offer retirement schemes and redeployment. Air Malta’s losses for the last financial year are expected to be below the €50 million predicted.