Issue link: https://maltatoday.uberflip.com/i/1533584
4 maltatoday | SUNDAY • 23 MARCH 2025 NEWS Professeur Bayo International Renowned Spiritual Healer, Advisor and Clairvoyant with spiritual power of my family's ancestral Master Spirit. I have the power & knowledge to change the course of situations and moods, so if you are looking for someone to deliver serious and long lasting results look no further. I CAN ALSO HELP YOU IN CASES OF: • Bringing Back Loved Ones • Marriage Difficulties • Domestic Issues • Family Problems • Depression • Substance Abuse • Addiction • Demonic Influences • Good Luck • Success in Business • Exams • Career • Spiritual guidance • Job interviews Do Not Suffer in Silence Any Longer! Contact Professeur Bayo if you feel your issue needs swift & effective solution. Quick Results 72 Hrs 100% GUARANTEED For further details please contact mobile or whatsapp: 99727343 CONTINUED FROM PAGE 1 However, it did not factor in additional cost pressures such as increased aviation fuel tax- es or the mandatory adoption of Sustainable Aviation Fuel (SAF), which was considerably more expensive than conven- tional jet fuel. The report revealed that scheduled passenger flights to and from Malta Internation- al Airport in 2024 consumed a staggering 351,977,437kg of fuel. This corresponds to 1,112,248 metric tonnes of CO2 emissions. This means that the annual emissions from aviation fuel are equivalent to the annu- al emissions of 856,000 pet- rol-driven cars. This calcula- tion, made by MaltaToday, is based on EU average emissions of 1.3 metric tonnes of CO2 per car per year. It would take roughly 18 mil- lion trees growing for 10 years to absorb this amount of CO2. The cost of cutting emissions By 2026, airlines will no longer receive free ETS allow- ances and will be required to purchase them in full, in line with the EU's polluter-pays principle. This change will significantly raise operational costs for car- riers, particularly those serving smaller and highly seasonal routes like those to and from Malta. The EU's Fit for 55 initiatives, which aim to cut greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels, are driving regulatory changes in the aviation sector. The Re- fuelEU Aviation mandate will gradually require airlines to use more Sustainable Aviation Fuel (SAF), which will make fu- el costs higher. Although the Single Europe- an Sky initiative is expected to help airlines save time and im- prove efficiency by better man- aging airspace, smaller airlines will still face challenges due to the overall rules and regula- tions. Efficiency measures by the new national airline The analysis also considered measures taken to enhance the efficiency of KM Malta Air- lines, which replaced Air Malta as the country's flag carrier. The new airline inherited a fleet of six Airbus A320neo air- craft from Air Malta, along with two older Airbus A320 models, which have since been replaced by additional A320neo aircraft. By the end of 2024, KM Mal- ta Airlines will have modern- ised its fleet entirely, operating eight Airbus A320neo planes. The shift to a fully A320neo fleet partly offsets rising oper- ational costs and environmen- tal obligations. The A320neo offers up to 20% better fuel efficiency than its predecessor and significantly reduces noise levels. The investment in a more fuel-efficient fleet has allowed KM Malta Airlines to cut emis- sions and fuel consumption, achieving a reduction of 36,367 metric tonnes of CO2 emis- sions in 2024 alone. If the airline had exclusively operated older A320 models, fuel consumption would have been significantly higher, re- sulting in additional emissions and costs. The airline's fleet renewal is also expected to yield financial benefits in the context of ETS changes. In a scenario where all flights were operated using older aircraft, KM Malta Air- lines would have faced an ETS cost of nearly €23 million at an allowance price of €80 per met- ric tonne of CO2. However, due to its transi- tion to the A320neo, the air- line has managed to reduce this expense to under €20 mil- lion. A complete shift to an all-A320neo fleet, including wet-leased flights, would fur- ther lower ETS-related costs to below €19 million, generat- ing an additional €1 million in savings. Total carbon footprint of aviation The Central Bank report al- so estimated the total emis- sions of all flights operating to and from Malta at 1.24 million metric tonnes of CO2. Passen- ger flights, which accounted for 85% of total flights, were re- sponsible for 1.1 million metric tonnes of CO2. Cargo flights accounted for the highest emissions among non-scheduled services, releas- ing 44.8 million kilograms of CO2, closely followed by oth- er commercial aircraft flights, which produced 44.5 million kilograms of CO2. Business jets contributed 25.3 million kilograms of CO2 emissions. Flights operated by military air forces emitted 3.2 million kilograms of CO2. Moreover, VIP flights, often used by state officials or prom- inent individuals, contributed 2.8 million kilograms. Finally, air ambulance flights and government aircraft flights produced 0.2 million kilograms and 0.1 million kilograms of CO2 emissions, respectively. Annual emissions from aviation fuel equal to emissions of 856,000 petrol-driven cars Amsterdam Trade Bank N.V. (''ATB'') was declared bankrupt on 22 April 2022 (F.13/22/77). On 28 January 2025, the Amsterdam District Court determined that the verification meeting in the bankruptcy of Amsterdam Trade Bank N.V. will be held on 31 March 2025 at 09.30 CET at the Amsterdam District Court, Parnassusweg 280, Amsterdam. Creditors of ATB may attend the verification meeting. The bankruptcy trustees have now deposited the lists of ATB's debts. These lists are available for inspection at the Amsterdam District Court. ATB has not deposited a draft arrangement with the registry of the Amsterdam District Court. ATB also operates under the names ATBANK, ATBConnect, ATBSavings, FIBR and FIBR Bank and is registered with the Dutch Chamber of Commerce under number 33260432. For more information about the bankruptcy, please visit www.atbank.nl. The A320neo operated by KM Malta Airlines offers up to 20% better fuel efficiency than its predecessor