US Aviation Firm Takes Over Safi Facility, Retaining All Staff
· Updated
In brief
- A US aviation company, International Aerospace Coatings (IAC), has taken over operations at the Safi Aviation Park.
- The agreement ensures that all 58 employees from the previous operator, Aviation Cosmetics, will keep their jobs.
- This move follows the departure of Aviation Cosmetics and brings new investment to Malta's aviation sector.
A new US-based aviation company, International Aerospace Coatings (IAC), has taken over the operations at the Safi Aviation Park. This development follows the departure of the previous operator, Aviation Cosmetics.
The agreement ensures that all 58 employees who worked for Aviation Cosmetics will retain their jobs under the new company. This move is expected to bring fresh investment into Malta's aviation sector.
The government announced the takeover, highlighting the importance of securing employment for the staff and continuing operations at the facility. The transition aims to maintain stability in the local aviation industry.
International Aerospace Coatings (IAC) is a global aviation services provider. Their entry into the Maltese market is seen as a positive step for the country's economic development and its role in the international aviation maintenance sector.
The Spin Room
Low media divide. All outlets reported this development consistently without notable framing differences.
Updates
- : Updated with reporting from MaltaToday and The Malta Independent: the takeover follows the financial difficulties of the previous operator, Aviation Cosmetics Malta.