Malta Enterprise and Malta Industrial Parks today signed a memorandum of understanding with world leading MRO service provider SR Technics.
Following the signing of a maintenance contract with EasyJet in June 2016, the company is again expanding its local activities, furthering its commitment to its Maltese operation.
Through this investment of nearly €30 million in state of the art infrastructure, SR Technics will be in a better position to bid for work with other airlines and will be creating an additional 400 quality jobs.
Cognitive of the fact that these jobs would require very particular skills, Malta Enterprise and the Ministry for Education are both committed to continue developing the courses provided by the country’s educational institutions. In fact Malta Enterprise has for some time been supporting the Malta College of Arts, Science and Technology to develop new courses for different levels of aviation technicians.
Government is also investing in infrastructure for this cluster. SR Technics currently operates from the Hal Safi Aviation Park, which was further developed three years ago with ERDF funds. This new infrastructural investment has been instrumental in supporting the aviation cluster in Malta, which today employs around 1,500 full time employees and within which the MRO sector contributes to 7% of employment in the productive sectors.
Following this signing of the Memorandum of Understanding, it is expected that the contract between the parties (SR Technics, ME and MIP) will be finalised in the next few months.