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The foundation stone of the present air terminal was laid in September 1989
and inaugurated in record time 29 months later in February 1992. Malta
International Airport became fully operational on March 25, 1992,
effectively closing down the old Luqa airport after 35 years.
The public perception of the airport is that it is a clear example of
progress, improved technology and modern standards. Malta International Airport
has always been a role model for other organisations and is a prime force for
change, innovation and creativity in Malta’s civil aviation history.
After building a sound base through experience and investment, in July 2002
the Government of Malta sold 40% of its equity to the Malta Mediterranean Link
Consortium Ltd., and eventually a further 40% to the general public thus opening
a new chapter for MLA as it is now a fully privatised company with a vision to
develop further the country's main gateway.