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AirX Charter (AXY, Malta Int'l) is planning to add a second A340 quadjet and to enter the ACMI market with the unit, Chairman John Matthews told the Corporate Jet Investor.

"I want to do what Titan Airways (ZT, London Stansted) is doing, but with used aircraft. I want to do what Hi Fly (5K, Beja) is doing, but with used aircraft. It will be there to fill a gap. Because obviously some airlines have gone bankrupt, and a lot more will go bankrupt," Matthews said.

Short of disclosing the identity or the precise timeline for the aircraft delivery, Matthews said that he would like to add the A340 "within a couple of months". The aircraft will be equipped with a high-density cabin and will be proferred both to the ACMI market and for charter flights, for example with groups of sports fans.

The Maltese business charter specialist already operates a single A340-300, 9H-BIG (msn 374). The 19-year-old unit is equipped with up to 100 seats in a VIP configuration.