Malta International Airport plc - €12 mln Tax Credit

On 26 October 2022, Malta International Airport plc announced that following the approval by the European Commission of a state aid measure to compensate MIA for the losses suffered due to the COVID-19 pandemic, it has now been established that the approved sum of €12 million will be granted in the form of tax credit.

The measure is expected to support MIA in the implementation of its investment programme in the airport infrastructure, along with its endeavours to restore 2019 passenger activity by rebuilding Malta’s route network together with existing and new partner airlines. The airport operator reiterated that it expects to end 2022 with more than 5.4 million passenger movements, translating into a recovery of 74% of 2019’s record traffic.