Greetings.
The leading airline of GMI in R-Delta has temporarily ceased operations due
to a poor financial situation and ongoing arguments and breakdown in
negotiations with its lessors, who own MSA's large fleet of Airbus aircraft.
All Boeing 737-100, Boeing 234ER Chinook & Let 410 aircraft are
fully owned and are expected to continue flying as soon as the
airline can strike a deal with Luqa airport, the Maltese Government,
its banks and with other GMI members for financial help.
MSA has 10 Airbus A319-112 aircraft on order. These aircraft are expected
to be leased direct from Airbus to avoid further conflicts with lessors
and to make sure the aircraft will continue to operate if MSA runs into
further financial issues.
All currently operated Airbus aircraft are expected to be returned to their
lessors in coming days.
This article will continue as more events unfold.
Thanks for reading.