Malta International Airport plc - Interim Directors’ Statement

On 14 November, Malta International Airport plc issued its Interim Directors’ Statement explaining that since the financial half-year end on 30 June 2013, the financial position of the Company has remained sound.

The announcement also indicates that passenger movements in the first ten months of 2013 increased by 9.9% over the same period last year. Furthermore, the Company also expects improved traffic results for the final two months of the year. MIA expects to register in excess of 3.9 million passengers for the whole of 2013, a new all-time record high and representing a growth rate of at least 6.9% compared to the previous growth forecast of 6.7% published in early August.

Looking ahead, the Directors explained that the incentive to refund landing fees to all scheduled airlines (originally introduced in 2011) will also be made available during this winter season covering November and December 2013 as well as the first three months of 2014. The initiative is estimated to cost MIA around €1.3 million in lost revenue.

In the ‘retail and property segment’, the SkyParks Business Centre (inaugurated in October 2012) is expected to reach an occupancy level of 95% by the end of 2014 with almost all of the office space already contracted out.

In conclusion, the Directors noted that the Company’s financial results for 2013 are expected to exceed the projections made at the beginning of the year and also the actual results registered in 2012.