VIE Malta Limited, a fully owned subsidiary of Flughafen Wien AG announced that it has acquired further shares in Malta International Airport and to date has a 10.1% shareholding in MIA.
Flughafen Wiens already owns 57.1% in the Malta Mediterranean Consortium which in turn holds 40% of the share capital of Malta International Airport. As a result of this transaction, the Malta Mediterranean Consortium has gained over 50% of Malta International Airport’s shareholding, which will allow for joint control over Malta International Airport by the consortium and the Flughafen Wien subsidiary.
Following this transaction, Herbert Kaufmann, a member of the Management Board of Flughafen Wien Group states “Our previous activities in Malta Airport have been extremely successful. Since our entry in 2002, the share price has doubled and earnings have shown sound growth. This acquisition underscores our long-term commitment to Malta Airport and will facilitate the implementation of our strategic goals for the further development of the airport”
Flughafen Wien AG and its consortium partners plan to continue expanding MIA’s scope of business and to successfully reintroduce the “Cruise & Fly” concept. In addition, the expansion of the airport’s flight offering should improve the attractiveness of this Mediterranean island both as a tourism destination and a hub for air and sea cargo.