.png)
Revealed: Arriva suffers heavy losses during its first two years in Malta
Arriva does not deny suffering heavy losses in first two years of operation despite government subsidies to operate public transport network.
8 September 2013, 12:00am
Matthew Vella
Matthew Vella
1 min read
Malta's public transport operators Arriva have been struggling with heavy losses since the start of their operations in 2011, raising new questions over the sustainability of the private firm's future.
MaltaToday was given an insight into the financials of Arriva Malta, which has not yet published its annual figures with the registrar of companies, by a source privy to the company's operations.
MaltaToday's information - which was not denied by Arriva Malta when faced with the figures - reveals the full extent of the company's losses in the first two years of its operations in Malta.
Read the full report in today's edition of MaltaToday
Matthew Vella, a freelance journalist at MaltaToday, was formerly executive editor at Malt...
•
Why? Arriva runs successfully in so many other Countries. Why can't it run successfully in Malta and considering they are charging the bulk of users almost double fare something just doesn't make sense!!!
•
However, the biggest loss was sustained by Arriva's clients, who were deprived of a decent and reliable transport service, both in terms of safety and reliability. It is very evident that Arriva has compromised these two basic requisites to minimize the alleged losses.
