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On the 22 June 2010, Parliament approved and published the
Aircraft Registration Act, which came into force on 1 October 2010.
This means that it has already been a decade since a decision was
taken and duly actioned to overhaul the aviation laws in Malta in
relation to the registration of aircraft and security interests
and, more significantly, to implement the Cape Town Convention and
its Aircraft Protocol. This anniversary, ironically, coincides with
one of the most difficult years for the aviation industry.
Nonetheless it seems fitting to analyse the success or otherwise of
Prime Minister Imran Khan at the inauguration ceremony of AirSial in Sialkot on Wednesday. APP
KARACHI: While the country’s three operational airlines have been taking cost-cutting measures against the backdrop of a crisis that the global aviation industry has been facing since the outbreak of coronavirus, the decision of AirSial to enter an already saturated market is being seen as a bold move that may give a tough time to competitors but will benefit the people.
The market situation can be gauged from a recent report of the International Air Transport Association (IATA) predicting that airline revenues this year will plunge by 60 per cent as a result of the coronavirus pandemic that “threatens the survival of the air transport industry”.