Island Aviation Services Limited (IASL) and Maldives Fund Management Corporation (MFMC) signed a partnership agreement on Thursday, 31 August to establish a new national airline with an international focus, targeting long-haul flights and markets including China, Russia and Europe. MFMC, a 100 percent state-owned company, is making its first entry into the international airlines market through the deal.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Island Aviation Services Limited (IASL) and Maldives Fund Management Corporation (MFMC) have inked a partnership agreement to establish a new national airline with an 'international' focus. In a statement following the signing of the agreement on Thursday, 31 August, IASL, the parent company of national carrier Maldivian, said the collaboration will focus on operating long-haul flights
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The Maldives' previous national carrier, Air Maldives, had been in operation for more than 25 years before a sudden bankruptcy in 2000.
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MFMC is a 100 percent state-owned company formed with the stated objective of seeking capital market solutions for private sector development.
Word for word from the report in Maldives Republic. Open the report