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2 NEWS 9.11.2023 COMLUX, a global leader in business aviation, has succesfully delivered a third ACJ TwoTwenty from Airbus to its state- of-the-art Completion Centre in Indian- apolis. is achievement marks another milestone in Comlux's history, highlight- ing the company's expertise in crafting the most sophisticated and technologi- cally advanced aircraft cabins. is project represents the third col- laboration between Comlux and Airbus for the ACJ TwoTwenty, reinforcing the successful partnership between the two industry leaders. e Comlux Comple- tion Centre, renowned for its world-class facilities and skilled workforce, remains at the forefront of innovation in the busi- ness aviation sector. As the exclusive partner of Airbus for the ACJ TwoTwenty cabin, Comlux Completion Center proudly maintains its capability to craft the most sophisti- cated and technologically advanced air- craft cabins ever envisioned. In close collaboration with Airbus, the resulting ACJ TwoTwenty offers an un- paralleled cabin experience featuring cutting-edge technology, positioning it as the most advanced high-end corpo- rate jet available in the market. Notably, the ACJ TwoTwenty provides exception- al value for money, solidifying its status among the elite class of corporate jets. "After the first delivered ACJ TwoT- wenty from our Completion Centre in Indianapolis earlier this year, we are starting the ramp-up in our production to satisfy the customer demand for this fantastic product. We target between four and six ACJ TwoTwenties in the coming years from Comlux Completion in Indianapolis," Arnaud Martin, CEO of Comlux 2Twenty Ltd, said. Looking ahead, Comlux Completion will be building on its collaboration with Airbus, with the fourth ACJ TwoTwenty already in progress and set for delivery in the near future. is upcoming de- livery reinforces Comlux's position as a trusted partner in the aviation industry, dedicated to pushing the boundaries of innovation and setting new standards in private jet travel. As a longstanding and esteemed part- ner of major OEM, Airbus or Boeing, serving as a completion center, service center, and VIP operator, Comlux re- mains at the forefront of private jet trav- el, consistently setting new standards in luxury and performance. Comlux is one of the leaders in busi- ness aviation, transaction and com- pletion services. For over 20 years, the company has engineered luxury for VIP customers seeking personal and profes- sional management of their private avi- ation needs, including aircraft sales and acquisitions, aircraft operations and charter management, cabin interiors, maintenance and upgrades. Headquar- tered in Switzerland with a global pres- ence around the world, Comlux delivers World-class, Swiss-made business avia- tion services. Comlux Completion Centre delivers third Airbus ACJ TwoTwenty FROM PAGE 1 is is the first time the government has not increased the MTA's budget al- location since since Labour's election in 2013. Zahra said the MTA's cut was not drastic and that if it helped to sustain and extend the government's subsidy on energy prices, the tourist industry would in fact benefit more. "e industry is better served by con- tinuing to have energy prices subsidised and maintaining our country's com- petititivity," he said. Zahra's optimism was backed by fig- ures published on Tuesday by the Malta International Airport showing and in increase in the number of passengers in October. MIA published its October traffic re- sults together with the Group's financial results for Q1-Q3 2023, following the approval of the latter by the company's board of directors. Strong performanc- es in both instances gave the company the confidence to revise its guidance for 2023. Between January and September 2023, the Group generated revenues amount- ing to €91.6 million, marking an in- crease of 38 per cent over the previous year. is figure also exceeded 2019 levels. October brought 771,253 passengers through Malta International Airport's doors, an increase of 9.6 per cent over 2019 figures. MIA said seat capacity saw an increase of 6.4 per cent in October. Despite this increase, strong travel demand through- out October resulted in a monthly seat load factor (SLF) of 84.7 per cent. October's top markets were Italy, the United Kingdom, Germany, France and Spain. While Italy (+47 per cent), France (+53 per cent) and Spain (+3 per cent) outperformed their respec- tive 2019 results, the United Kingdom's (-17 per cent) and Germany's (-23 per cent) slow recoveries continued into October. Zahra said these figures were quite in line with expectations. "Our market is dominated by low-cost airlines and, of course, these tend to prefer shorter routes," he said. us as airlines add more "short" routes to Italy and surrounding coun- tries, the number of visitors from those countries will increase. "As for the UK and Germany, their market share has dropped because air- lines add few new routes to these desti- nation," Zahra said. "However, the absolute number of vis- itors from those countries remains un- affected and is not in decline." January to September financials MIA's positive traffic results for the first nine months of 2023 contributed to a strong income statement for the same period. Between January and Septem- ber 2023, the Group generated revenues amounting to €91.6 million, marking an increase of 38 per cent over the previ- ous year. is figure also exceeded 2019 levels. e company's Statement of Compre- hensive Income (SOCI) shows a signif- icant increase in staff costs and other operating expenses. e rise in staff costs is largely attrib- utable to a growing workforce, which is supporting MIA in managing a busier operation and several large-scale pro- jects while retaining high levels of ser- vice. e increase in operating expenses is also a reflection of MIA's growth dur- ing the reporting period. The company's capital expenditure for the first nine months amounted to €16.8 million, with the continuation of works on Apron X, the expansion of the customs area and initial works on the Terminal Expansion Project being three of the most noteworthy projects. MIA's net profit for the first nine months of 2023 stood at €32.3 million. Revised guidance Given these results and the positive outlook for November and December, Malta International Airport has adjust- ed the guidance it published in August 2023. e company said it now now ex- pects: • Traffic to reach 7.8 million pas- senger movements • Revenue to total €118 million • EBITDA to reach €74 million • Net Profit to amount to €40 mil- lion • CAPEX to be between €45-€50 million The third Comlux ACJ TwoTwenty MIA's Q1 - Q3 financial results show 9.6% increase in passenger numbers in October October brought 771,253 passengers through Malta International Airport's doors, an increase of 9.6 per cent over 2019 figures

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