Sunday 14th Jul 2024
Dhivehi Edition
News Reports Sports Business
Trans Maldivian Airways (TMA) is to go on sale.
The world’s largest sea plane operator’s sale was reported on Bloomberg.
The news agency quoted a price tag between US$ 500 to US$ 700 million. Carlyle Group and co-investors King Street Capital Management and Davidson Kempner Capital Management are looking to divesting TMA. No decision has been reached yet.
TMA provides seaplane services to 80 resorts on a fleet of 56 planes.