The joint venture “Six West Malta” fosters innovation in the aircraft leasing industry by providing a secure alternative to traditional lessor-lessee agreements.
Six West, a world-leading provider of flight operations services to aircraft lessors, airlines and private aviation, and Malta MedAir, a Maltese airline wholly owned by the Government of Malta, have established a new joint venture called Six West Malta.
The aim of the joint venture is to position Malta as an attractive jurisdiction for the aircraft leasing industry through the provision of both a niche service which optimises aircraft use in between leases and ACMI services.
Placing aircraft on Six West Malta’s AOC (Air Operator’s Certificate) enables aircraft lessors greater access to worldwide lease placements in destinations which currently present unfavourable levels of risk within the prevailing lessor-lessee business model.
Dany Pennington, CEO of Six West Malta, said, “We are looking forward to working with Malta MedAir and together we offer a compelling alternative to the established status-quo in the lessor-lessee relationship. Lessors now have options to securely leverage the full commercial value of their assets and reduce the need for long-term preservation whilst lessees can look forward to accessing more modern and efficient aircraft than previously possible”.
Paul Bugeja, Executive Chairman of Malta MedAir said that ‘’The company is embarking on this joint venture with a determination to succeed in this new, untapped market. Although the market offers exciting opportunities, we are aware that success is dependent on hard work, perseverance, commitment, and above all professionalism. I am confident that the multi-skilled, experienced and proficient Six West Malta team will ensure that all stakeholders stand to benefit from the joint venture’s aviation services”.
About Six West
Six West is a world-leading provider of support services to aircraft lessors, airlines and private aviation.
An aircraft operator of choice, Six West is responsive and predictive, supporting lease transitions, deliveries, demonstrations and distressed recovery operations.
Its ground-breaking AOCs, structured for the evolving demands of today’s global leasing industry, provide solutions for previously unavailable lease destinations and unrivalled levels of asset protection.
With offices in Dublin, Cork, Malta, Hong Kong and the Cayman Islands, and a connected, multi-national team, the company has strategically positioned itself to provide its services to a dynamic and global client portfolio.
About Malta MedAir
Malta MedAir is a European based airline registered in Malta under the name of Malta Air Travel Co Ltd. The airline flies under a Maltese AOC and provides a range of services to aviation and non-aviation business customers in Europe and beyond.
Currently, the airline’s activities include ACMI and charters, for short and long term, plus administrative and management support to airlines and other aviation-related providers.
Our mission is to be the airline company that anticipates, understands and satisfies our clients’ aviation-related needs. Our vision is to offer our clients the highest level of dedicated attention, professionalism, and flexibility in all aviation-related matters.
In its relatively short existence, Malta Med Air has established itself as a reliable and professional partner to an increasing number of aviation partners.