Malta’s aviation sector continues to grow at a rapid rate due to its strategic geographic location and industry-friendly approach. Malta has been able to position itself as a centre for both commercial and private airlines with major players such as Malta Air (a subsidiary fleet of Ryan Air) establishing a presence in the country. Malta has complemented its favourable regulatory regime with a functioning ecosystem providing services such as crew training, engineering and communication services, repair and overhaul (MRO), maintenance and back office.
The strategic importance of the aviation industry is such that in 2010, the Government of Malta reformed the Aircraft Registration Act, paving the way for new laws governing the financing of aeroplanes. The commitment towards the aviation industry was renewed again in 2012, with the establishment of the Safi Aviation Park, whose objective is to provide secure airside facilities for the industry, particularly within the MRO sector. Today, Malta’s aviation registry boasts over 260 aircraft with the aviation contributing 2.5% to Malta’s GDP.
Due to the breadth of expertise available, Grant Thornton can provide players in the aviation industry with a full spectrum of services, which include aircraft registration, access to finance, financial reporting, IT audit and cybersecurity, payroll, tax services, and cost control. Speak now to one of our experts to gain access to the opportunities available to commercial and private aircraft operators.
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