News | Wednesday, 08 July 2009

Air Sicilia founder eyes Malta for low-cost airline

Karl Stagno-Navarra

Controversial Sicilian entrapreneur Luigi Crispino has chosen Malta as base to his brand new low cost airline Efly. Once given the green light from local aviation authorities, Efly is set to operate scheduled and charter flights to Sicily, Italy and the UK.
Efly has already been registered in Malta, with a first aircraft - a British Aerospace 146-300 - has already been brought to the island and is currently at the Medavia hangar in Safi.
Crispino - who has also been involved in a number of start-ups over the years, including Air Sicilia that went bust in 2000 - has registered the aircraft to Aircraft Leasing Management, a Maltese leasing company that is owned by the Crispino family and other investors.
A second aircraft is said to arrive in Malta in the coming days, while Efly has reportedly signed a contract with a Bologna based airline to operate on its behalf.
Luigi Crispino was the founder of Air Sicilia, which broke the Alitalia monopoly in 1994. He has been involved in a number of businesses, including a private yacht marina in Syracuse, where his family runs a legal firm.
However, Luigi Crispino’s career is constellated with projects and issues with the Italian judiciary. He was arrested in 2000 following the grounding of Air Sicilia and its bankruptcy.
He was also sued and had to pay €145,000 in compensation to a senior consultant of his who claimed to have never been paid, and who had reportedly instigated the investigations by the Guardia di Finanza into his finances.
Known for his ability to rehabilitate himself, Luigi Crispino is listed as a car concessionaire, developer, pharmaceutical representative and owner of a resort in Lampedusa. He also entered politics in Sicily by founding a left-wing movement that went into disband shortly after its inception.
In Malta, Luigi Crispino has employed Frans Camilleri, Air Malta’s former Corporate Group Head Strategic Planning as Efly’s account manager.
Mr Camilleri’s reputation in aviation strategy is second to none, and has long years of experience on a series of projects, amongst which was the Air Malta fleet renewal programme in 2002.
Aircraft Leasing Management has been registered with the MFSA with 20,000 shares at a nominal value of €1 each. The administrative offices are registered in Msida.



Other News

Brussels forces government to reduce deficit by 2010

Maltese tourism so far unaffected by swine flu

Air Sicilia founder eyes Malta for low-cost airline

World Bank excludes Malta from latest global economic forecasts

Shop owners with mixed feelings over Piano plans

MFSA increases burdens on companies - GRTU

Consumer and Competition Division to be restructured into agency

ECB keeps rates unchanged

MMA investigates collision of Malta registered ship off Copenhagen

IHI announces allotment policy for €35,000,000 6.25% Bonds 2015-2019

Ryanair inaugurates flights from Bristol

Fort Cambridge awards €2.4 million tender for lifts

Air Malta and the Union of Cabin Crew to sign new collective agreement

S&P’s affirms A/A1 credit rating for Malta

No emission tests by ADT since last year

Caught with €52,000 undeclared cash on his way to Malta

The straw that breaks the camel’s back

Julian Zarb: Competition or complementary?

Adjusting ICT standardisation to the realities of the 21st century

The Valletta Project – Time for Decision and Implementation

A guaranteed job with CIMA Certificate in Business Accounting

Bay Street appoints new CEO

Mark Lamb: Refining the Dollar





08 July 2009


Malta Today


Collaborating partners:



Copyright © MediaToday Co. Ltd, Vjal ir-Rihan, San Gwann SGN 07, Malta, Europe Tel. ++356 21382741, Fax: ++356 21385075
Managing Editor: Saviour Balzan