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BUSINESSTODAY 21 October 2021

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4 NEWS 21.10.2021 Malta's mobile and fixed broadband internet speeds Fastest Providers Speedtest Intelligence ® reveals Melita was the fastest fixed broadband provider among top providers in Malta in Q3 2021 with a Speed Score™ of 112.49. Consistency Score™ Melita had the highest Consistency Score™ in Malta during Q3 2021, with 82.9% of results showing at least a 25 Mbps minimum download speed and 3 Mbps minimum upload speed Melita GO epic 112.49 64.14 49.43 Melita GO epic 82.9% 76.4% 59.3% RECOVERY to the 2019 number of flights in Europe could occur as early as 2023, according to a new forecast issued by EUROCONTROL. is forecast contains three scenarios and both the 'baseline' and 'high' scenarios show recov- ery to 2019 levels during the course of 2023, while this is delayed in the 'low' scenario until 2027. It updates and extends the forecast made in May 2021, before the summer season. e High scenario envisages the vaccination campaign continuing both within Europe and globally, with reliable vaccines that continue to be effective, including against variants. With a coordinated inter-regional approach, travel re- strictions are relaxed, with most inter-regional flows restarting by the middle of 2022. Busi- ness travel recovers quickly in this scenario. e Baseline scenario is similar but with flows outside Europe recovering rather more slowly (partly as the result of a lack of a coordinated inter-regional approach) and with business travel only recovering to pre-COVID levels in 2023. e Low scenario considers the impact of several downside risks, such as slow/patchy vaccination rates, the need for new vaccines as a result of variants, the reintroduction of lock- down and similar measures, the continuation or re-imposition of travel restrictions, eco- nomic risks, including high energy prices and a long term drop in people's propensity to fly. e traffic figures refer to the number of flights, including both passenger and cargo. Recent experience has been that the recovery in the number of passengers is lagging behind the increase in the number of flights. FROM PAGE 1 The graph shows that this segment's re- covery then restarted in April 2021, pass- ing 2019 levels in July and stabilising at 20%-30% above 2019 since August (2,728 average daily flights in Aug-Sep compared to 2,182 in 2019). As a result, its market share has climbed from around 6% in 2019 ( Jan-Sep), to 13% in 2021 so far. Growth as strong as this comes from changes in both supply and demand: op- erators finding new ways to reach cus- tomers, and new services to offer, such as shared flights; plus new passengers turn- ing to business aviation flights, because the connectivity they want isn't currently available with the timing or quality that they want. Already this year's recovery for business aviation is more sustained than last year's. In summer, the focus of business aviation switches to Mediterranean, leisure desti- nations: Nice-Côte d'Azur airport often takes the top spot from Paris Le Bourget in July and August. This year was no exception to that rule, but Ibiza, Palma de Mallorca, Athens and Malaga were also all higher in the rank- ings than in a normal summer, with Pal- ma, Athens and Malaga more than 40% above 2019 flights in August. So leisure has clearly contributed strong- ly to the growth of business aviation. European air traffic expected to reach 2019 levels by end of 2023 EUROCONTROL STATFOR 7-year forecast for Europe 2021-2027 Actual and future IFR movements, % traffic compared to 2019 EUROCONTROL STATFOR 7-year forecast for *Europe 2021-2027 Actual and future IFR movements, % traffic compared to 2019 EUROCONTROL Seven-Year Forecast Update 2021-2027 10 Document Confidentiality Classification: Orange * Europe = ECAC 44 Member States Source: EUROCONTROL, 7-year Forecast October 2021 11.1 6.4 10.3 11.6 12.1 12.3 12.7 12.9 5.0 6.2 9.8 10.6 11.1 11.3 11.5 11.8 6.0 8.2 9.2 9.9 10.6 10.8 11.0 4.0 6.0 8.0 10.0 12.0 14.0 2019 2020 2021 2022 2023 2024 2025 2026 2027 Flights in million High scenario Recovery mid-2023 Base scenario Recovery end-2023 Low scenario Recovery >2027 45% 100% 56% 89% 100% 102% 2019 Level 96% 104% 106% 58% 93% 105% 109% 111% 117% 54% 114% 74% 83% 89% 95% 97% 99% Business aviation in Europe holding onto its 'best recovery from COVID-19'

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