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Air Malta to sell Air Supplies and CateringAir Malta to sell Air Supplies and Catering
Lorna Strickland
14-Jan-2005
The carrier is to seek a majority stakeholder for its retail subsidiary as the next step of its divestment process
Maltese flag carrier Air Malta is to sell a majority stake in subsidiary inflight concessionaire Air Supplies & Catering. The airline is seeking a buyer for 60% of its shares in the company, which also operates two outlets at Malta International airport.
The move is in line with Air Malta's strategy of divestment since the country joined the European Union in the second wave of accession last May. The airline recently announced that it would be concentrating its efforts on core business.
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(15-Sep-2005) - MALTA. The Nuance Group has acquired Maltese airport retailer and inflight concessionaire Air Supplies & Catering from Air Malta, DFNI has learned
(15-Sep-2005) - A source close to Nuance has confirmed it is to buy Air Supplies & Catering from Air Malta
(15-Jul-2005) - MALTA. Air Malta is seeking to offload its 100% holding in Air Supplies & Catering after initially aiming to sell a 60% share in the company (RavenFox.com January 14)
(1-Dec-2005) - MALTA. The Nuance Group has completed its purchase of Air Supplies and Catering with local partners Airport Investments—part of the Bianchi Group of Companies—and Demajo Holdings
(30-Sep-2004) - MALTA. Air Supplies & Catering general manager Walter Izzo has left the company.