M.C.M. Maintenance Centre Malta Ltd, a company engaged in the repair and maintenance of aircraft, specialising the repair and overhaul of business jets, has today announced a significant expansion in its operations, leading to a 5.5 million euro investment which will create up to 40 new jobs. This announcement was made this afternoon during a visit by Minister of Finance, the Economy and Investment Tonio Fenech.
M.C.M. Ltd had set up in December 2008 and currently operates from a 750 square metre hangar. The company has since then experienced significant growth, having increased employment to 35 jobs. The company is also experiencing demand for its services from larger aircraft that cannot be accommodated in the present facility. For this purpose, M.C.M. announced an expansion project whereby it will construct a new 2,400 sqm hangar adjacent to its current facility.
The proposed project – which is being supported by Government through Malta Enterprise, is a €5.5 million investment, which is envisaged to generate 40 new jobs.
Minister Tonio Fenech welcomed this news, noting that over the past 5 years the country has seen a significant growth in the local aviation industry – which today includes not only a number of airline maintenance and repair companies, but also flight academies, a fast-growing airline register and other companies which provide different services to this the sector.
This has been the result of tailor-made incentives to the operators, as well as the fruit of a substantial investment in education and testament to the direct correlation between the quality of education and job creation. The sector now employs close to 1,100 people.
Government has complemented this growth with an investment of 17 million euro in an Aviation Park, a reflection of its commitment to continue investing in the necessary infrastructure that supports the development and expansion of current industrial projects.
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