€100m financing agreement ‘reflects confidence’ in Malta International Airport, says CEO

Malta International Airport has secured €100 million in external financing for the most significant upgrade to airport facilities since privatisation.

Addressing shareholders at the company’s 34th annual general meeting, CEO Alan Borg said: “The backing of a leading local bank reflects shared confidence in our vision for Malta International Airport and its role in the future of the tourism industry.”

The financing, he said, will enable the company to deliver large-scale infrastructure projects within its multi-million investment programme while retaining financial stability.

“Besides leveraging our projects, this financing will allow us to preserve our liquidity to ensure that immediate financial obligations towards employees, business partners, and shareholders can continue to be met.”

The financing structure includes a €50 million loan for a term of five years and a €50 million loan for a term of seven years.

The company is currently undertaking the East Expansion project, the centrepiece of a €345 million investment programme.

Unveiled earlier this year, the project will expand terminal facilities across a gross floor area of 26,000 sqm by 2028, introducing 32 new check-in desks, five departure gates and a crew gate alongside additional circulation, baggage sorting, and commercial space.

Since the investment was announced, site enabling and mobilisation works have progressed according to schedule, including excavation below road level, the rerouting of critical building services, and the establishment of safe access routes.

In parallel, works on SkyParks 2 have continued apace, with the final quarter of 2026 being targeted for the handover of the hotel building, which is being developed as part of the project, to its operator is shell form.

Earlier this year, it was announced that the four-star hotel will be operated by Claret Group under hospitality company Accor’s Tribe brand.

The progress achieved on the East Expansion and SkyParks 2 builds on the delivery of a number of key projects within the company’s five-year investment plan in 2025.

Through capital expenditure amounting to €61.6 million, the company reinvested nearly 40 per cent of its annual revenue into projects aimed at strengthening operational resilience, modernising the airport infrastructure, and enhancing the passenger experience.