‘I’m a fool in matters of airlines’ – Tonio Fenech
Some self-criticism from finance minister who said he wanted no Maltese 'fool' to run Air Malta.
“You have a perfect clip here, I am a fool when it comes to administering an airline (jiena cuc fejn tidhol tmexxija ta’ l-linja ta’ l-ajru),” finance minister Tonio Fenech told Reno Bugeja on PBS’s Dissett, when challenged about not wanting a “Maltese fool” (cuc Malti) running Air Malta.
Fenech has claimed he was misquoted when he was reported to have told the Air Malta Steering Committee that he was not interested in employing ‘some Maltese fool’ to the post of CEO after this was vacated by former Easyjet director Cor Vrieswijk.
Vrieswijk, appointed to the position in December 2010, was formerly EasyJet’s director of operations, who resigning after a summer of delayed flights and cancelled services at the budget airline.
Fenech said on PBS that there was no Maltese national with the necessary experience to steer Air Malta out of bankruptcy and to put a serious restructuring programme into force. “I want to be clear that I never was, and don’t expect myself to be an expert in running an airline,” Fenech said, adding that restructuring an airline was not the same as restructuring a factory.
“I am not prepared to appoint a Maltese CEO just for the sake of it,” he said, but pointed out he had given newly appointed CEO Peter Davies a brief to find a Maltese successor within the next three years.
When questioned about the sense of anger among Air Malta employees that government has appointed a foreign top management team which in total are to receive €1 million in salaries, Tonio Fenech said that Peter Davies is to be paid a taxable €450,000, while other senior managers have been given short contracts that range from three to six months. “Their job is to oversee the implementation of the restructuring programme,” the minister said.
Tonio Fenech also described Air Malta as a “failed” airline which needed urgent attention. But he said he was not aware that a proposal to put a fuel surcharge on airline tickets had been blocked.
Fenech warned that should the restructuring process fail, all the current 1,200 jobs would be at stake and not just the 511 earmarked redundancies. “I don’t want to sound threatening, but the facts are that banks do not want to lend Air Malta any more money, and the European Commission will not accept any further aid plans,” he said.































