EasyJet Acquires Malta-Based SR Technics in Major Expansion

EasyJet, a prominent European low-cost airline, has announced its intention to acquire SR Technics Malta Ltd, a leading aircraft maintenance company based in Malta. The acquisition, subject to approval by the Malta Competition and Consumer Affairs Authority (MCCAA), marks a significant expansion for EasyJet in the country.

Why this matters: This acquisition has the potential to establish Malta as a major hub for aircraft maintenance in the region, bringing significant economic benefits to the country. It also highlights the growing importance of strategic partnerships in the aviation industry, as airlines seek to optimize their operations and reduce costs.

SR Technics, which has been operating in Malta since 2010, recently moved to a new state-of-the-art hangar facility in Ħal Farruġ. The company has invested over €42 million in the 40,000 square meter hangar, which was inaugurated by Prime Minister Robert Abela in March 2022. SR Technics currently employs 430 specialized professionals and provides comprehensive maintenance services for narrow-body Airbus A320 aircraft.

EasyJet and SR Technics have a long-standing relationship, with the airline being one of the maintenance company's main clients. In October 2022, SR Technics announced a new three-year contract with EasyJet. Daniel Galea, General Manager of SR Technics Malta, expressed satisfaction with the deal, stating, "We are extremely satisfied and honored to have obtained a new three-year contract with a valuable client."

EasyJet operates a fleet of 336 Airbus A320 aircraft, flying on 1,018 routes in 35 countries and 155 airports. The acquisition of SR Technics will allow the airline to expand its operations and strengthen its presence in Malta. Brendan McConnellogue, Director of Engineering and Maintenance at EasyJet, highlighted the importance of the partnership, saying, "We are delighted to continue our long-standing relationship with SR Technics in Malta, which has demonstrated itself to be the right partner to support our maintenance operations for our modern fleet of over 300 Airbus A320 aircraft."

The acquisition of SR Technics by EasyJet is expected to establish Malta as a major hub for aircraft maintenance in the region. With the airline's extensive fleet and network, coupled with SR Technics' state-of-the-art facilities and skilled workforce, the move has the potential to bring significant economic benefits to the country.

Key Takeaways

• EasyJet to acquire SR Technics Malta, a leading aircraft maintenance company.
• Acquisition subject to approval by Malta Competition and Consumer Affairs Authority.
• SR Technics has 430 employees and provides maintenance services for Airbus A320 aircraft.
• EasyJet operates 336 Airbus A320 aircraft and flies to 155 airports in 35 countries.
• Acquisition to establish Malta as a major hub for aircraft maintenance in the region.