Issue link: https://maltatoday.uberflip.com/i/717204
SAVIOUR BALZAN THREE Maltese religious orders and even the Gozo diocese are amongst bondholders who invested over €1.5 million in securities issued back in 2007 by GAP Developments, to fi- nance the construction of the Fort Cambridge luxury apartments in Tigné. For years, the Maltese church has taken a vocal stand in favour of sustainability and against planning policies that intensified ur- ban construction. But the archdiocese has been unable to in- fluence the financial practices of religious or- ders which have amassed large fortunes from the sale of land and inheritances bequeathed to them over the years. It now turns out, MaltaToday has learnt, that these religious orders have invested their fortunes with those of GAP Developments for the construction of the 20-storey luxury apartment complex on the Tigné promontory – one of the tallest buildings in Sliema, soon to be dwarfed by GAP's proposal for a 40-storey tower hotel. MATTHEW VELLA WINGS will surely be clipped as Air Malta has signalled that the cab- in crew complement at the national airline will have to come down, and the workforce emulate the working conditions of other major airlines. Union representatives were told on Friday the government would only guarantee jobs and take-home pay for cabin crew if they increase productivity targets imposed by the management, and accept a volun- tary early retirement scheme. Air Malta cabin crew members began following work-to-rule direc- tives after three meetings in one day between the union and tourism minister Edward Zammit Lewis, Air Malta chairperson Maria Mi- callef and George Abela, President emeritus, appointed as a negotia- tor for the airline's talks with Alitalia. But MaltaToday is informed that the two sides are close to reaching an agreement which they are expected to sign tomorrow. Air Malta is in discussions with the Italian airline to sell off a 49% stake, which also means a downsizing of the national airline's staff complement. The cabin crew union's industrial action took place just a day after an impasse with Air Malta pilots on their collective agreement was resolved, when union ALPA agreed to fly more than the average 55 hours a month pilots were currently notching up. Newspaper post SUNDAY • 21 AUGUST 2016 • ISSUE 876 • PUBLISHED EVERY WEDNESDAY AND SUNDAY SUNDAY • 21 AUGUST 2016 • ISSUE 876 • PUBLISHED EVERY WEDNESDAY AND SUNDAY • PUBLISHED EVERY WEDNESDAY AND SUNDAY maltatoday YOUR FIRST READ AND FIRST CLICK OF THE DAY WWW.MALTATODAY.COM.MT Why TV provider GO was forced to broadcast English Premier League in Maltese PAGE 4 hours a month pilots were currently notching up. PAGE 3 €1.40 SUNDAY • 21 AUGUST 2016 • ISSUE 876 • PUBLISHED EVERY WEDNESDAY AND SUNDAY today today • PUBLISHED EVERY WEDNESDAY AND SUNDAY today • PUBLISHED EVERY WEDNESDAY AND SUNDAY MICHAEL DIACONO Our new TV chef on the changing eating habits of the hungry Maltese Air Malta retirement scheme for excess pilots and cabin crew will cost over €6 million was forced to broadcast 7 14 15 Hippic rescues Inside the 'horse rehab' farm 16 17 Mad about the football commentary Gozo diocese, Dominicans and nuns invested €1.5 million in Fort Cambridge Archbishop Scicluna: 'I don't support investments by religious orders in such projects.' Air Malta today launches a new recruitment drive for part-time stewards