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Updated Nov 16, 2022. Malta Air is the largest Malta-based airline, but it is a Ryanair subsidiary rather than the country's flag carrier. Photo: Getty Images. If you get confused by the naming of airlines based in Malta, you are not alone. Air Malta and Malta Air frequently cause confusion and misuse. The two airlines, however, are very different.Find flights to Malta from $226. Fly from the United States on British Airways, Air France, Lufthansa and more. Search for Malta flights on KAYAK now to find the best deal.