TMA goes on sale

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.