MIAMI – Air Malta (KM) is again sailing troubled waters while facing the negative effects of the pandemics and the aftermath of an extensive shake-up of its board of directors.
Back in October 2020, KM had already voiced financial difficulties and a possible perspective of bankruptcy unless new capitals were made available to the ailing carrier.
In the same period, the Board of Directors was largely renovated and new members nominated by the Maltese Finance Ministry. This was followed by the sudden resignation of its CEO, Capt. Clifford Chetcuti which was, read more ⇒
Source:: “Airways Magazine”