AIR MALTA RESCUE PLANS STILL ONGOING, AS DEADLINE PASSES

The European Commission was tasked to give a verdict on the Maltese government’s rescue plan for its troubled national airline, Air Malta, by 15 May. However yesterday talks between the government and Brussels were reported to be “ongoing” as confirmed by a finance ministry spokesperson and that the ministry had no further comments to make on the plan or the ongoing discussions. The rescue plan for Air Malta includes a €52 million emergency loan facility that although it has temporarily been approved by the Commission, it needs to be confirmed in the final verdict if it sees the plan as