SR Technics investment postponement warrants industry impact evaluation - PL

In a statement issued on Monday, Labour Party spokesperson Charles Mangion said the news that SR Technics is indefinitely postponing its investment plans is “disappointing and worrying, especially in the light of the considerable expectations that the government has been encouraging.”

Mangion said that while it is “important not to alarm the public, it is essential that the implications of this decision are understood.” The company’s decision, he said, “warranted an evaluative analysis into how the industry will be affected.”

“It is important that the industry that was created through work and effort by national airline carrier Air Malta, later strengthened by Lufthansa Technik, is protected to continue offering employment opportunities, as well as economic growth for the whole country,” Mangion said.

“We wouldn’t be living up to our obligations if we didn’t ask why this change of heart after the company had obtained all it had asked for from the Government of Malta in return for being willing to invest,” he said.

Mangion added that the party had always supported similar developments in the past, among which was the parliamentary collaboration regarding the transfer of public lands for the construction of aviation hangers.

“The party augurs that SR Technics continues to grow so that it will be in a position to further invest in the country,” Mangion said.