Ryanair launching airline in Malta

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Ryanair CEO Michael O'Leary (front and center) signs a contract for the launch of Malta Air.
Ryanair CEO Michael O'Leary (front and center) signs a contract for the launch of Malta Air.

Ryanair Holdings will launch a Maltese subsidiary called Malta Air. 

Malta Air will become the fourth member of the Ryanair group of airlines, joining Poland's Buzz, Austria's Lauda and Ryanair.

Ryanair said it would put its six Malta-based Boeing 737s onto the Malta Air registry. It plans to grow the fleet to 10 within three years. The aircraft will exchange their current Ryanair livery for a Malta Air livery by next summer. 

"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 CEO Michael O'Leary said during a speech in Malta on Tuesday.

Malta Air will be distinct from Maltese flag carrier Air Malta, which launched in 1974 and is serving 42 destinations this summer.

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