Ryanair to acquire Malta Air.

Ryanair Holdings, Europe’s largest airline group, agreed to acquire Malta Air, a Maltese start up airline, into which Ryanair will move and grow its Malta based fleet of 6 B737 aircraft. Financial terms were not disclosed. Speaking of the deal, Ryanair CEO, Michael O’Leary said: “Ryanair is pleased to welcome Malta Air to the Ryanair Group of airlines which now includes Buzz (Poland), Lauda (Austria), Malta Air, and Ryanair (Ireland). Malta Air will proudly fly the Maltese name and flag to over 60 destinations across Europe and North Africa as we look to grow our Maltese based fleet, routes, traffic and jobs over the next three years. Ryanair’s continued partnership with the Malta Tourism Authority will help drive forward the vision of Prime Minister Muscat and Minister Mizzi to grow year round connections to all corners of Europe which will support increased tourism, business and jobs in Malta."