ESDF settles Malta debts of United Aviation Company planes to lift legal seizure

By Sami Zaptia.

 

London, 26 February 2021:

The state Economic and Social Development Fund (ESDF) announced yesterday that it had settled the Malta debts of the United Aviation Company (UAC) of which it is a shareholder. Aircraft of the UAC had been seized by a Maltese court in lieu of unsettled debts.

The ESDF explained that the debts

This action represents a push for the UAC to invest in returning and operating these aircraft as soon as possible, which will contribute to supporting the financial position of the ESDF and the . . .

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