€1.50
THURSDAY 4 AUGUST 2022 • ISSUE 167
WWW.BUSINESSTODAY.COM.MT
PAGE 4
PAGE 2
PAGE 3
Air Malta warns EU tax on
aviation fuel could destroy
jobs, cripple economy
Volume of retail
trade down 1.2%
in euro area
Thynk
Software's
maritime
tech business
acquired by
RightShip
KURT SANSONE & PAUL COCKS
AIR MALTA has had no feedback from
the government after the airline pre-
sented its position against an aviation
fuel tax on intra-EU flights, proposed by
the European Commission, BusinessTo-
day has learned.
In its position document on the En-
ergy Tax Directive, Air Malta warned
taxing aviation fuel for intra-EU flights
will negatively impact Malta's economy,
"destroy jobs" and put Air Malta at a
disadvantage.
Aviation fuel will become 90% more
expensive to buy by 2033 if the current
EU proposals are approved, the airline
said on Wednesday.
Air Malta called for aviation fuel to
remain outside the scope of the Energy
Tax Directive, saying that preliminary
costings showed that Malta, Cyprus and
Iceland will be the worst affected.
Dr Nadia Giordimaina, the national
airline's general manager for interna-
tional affairs, told BusinessToday that
the government had confirmed receipt
of the document.
"We are not informed as to what
stance the government will be adopting
within the Commission," she said.
"However, Government has tradition-
ally voted against any form of taxation
on aviation fuel."
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 3 August 2022
Number of Trades: 92
Turnover: €1,725,727.67
MSE TRX Index: 7,765.088
(Change: +0.053)
Name 3.8% HLF UNSE
MT0001891200 - Currency €
Last Traded: 3 August, 2022
Price 102.000
Change +2.000
US Dollar 1.0217
British Pound: 0.85227
Japanese Yen: 141.16
Australian Dollar: 1.4814
Swiss Franc: 0.99322
7,267.81
-28.31
7,347.60 / 7,253.56
Value
Net variation
High / Low
-0.33
Cost of aviation
fuel will rise
by 90% under
a proposal
included in
the Energy Tax
Directive as Air
Malta warns of
negative impact
on Malta's
economy