Valletta, Malta, 3 December 2019: Six West, a world-leading provider of flight operations services to aircraft lessors, airlines and private aviation, and Malta MedAir, a Maltese airline wholly owned by the Government of Malta, have established a new joint venture called Six West Malta.
The aim of the joint venture is to position Malta as an attractive jurisdiction for the aircraft leasing industry through the provision of both a niche service which optimises aircraft use in between leases and ACMI services.
Placing aircraft on Six West Malta’s AOC (Air Operator’s Certificate) enables aircraft lessors greater access to worldwide lease placements in destinations which currently present unfavourable levels of risk within the prevailing lessor-lessee business model.
Dany Pennington, CEO of Six West Malta, said, “We are looking forward to working with Malta MedAir and together we offer a compelling alternative to the established status-quo in the lessor-lessee relationship. Lessors now have options to securely leverage the full commercial value of their assets and reduce the need for long-term preservation whilst lessees can look forward to accessing more modern and efficient aircraft than previously possible”.
Paul Bugeja, Executive Chairman of Malta MedAir, stated, ‘’The company is embarking on this joint venture with a determination to succeed in this new, untapped market. Although the market offers exciting opportunities, we are aware that success is dependent on hard work, perseverance, commitment, and above all professionalism. I am confident that the multi-skilled, experienced and proficient Six West Malta team will ensure that all stakeholders stand to benefit from the joint venture’s aviation services”.