State company

Maldives Airports Company Limited (MACL)

In the news, last 90 days

Economy Borrowings near MVR 16.64bn as MACL takes massive loans against Hulhule’ properties A 2025 audit report by the Auditor General's Office shows MACL's borrowings have climbed to near MVR 16.64 billion after it took loans secured against leasehold property mortgages in Hulhule' to fund airport infrastructure and reclamation work. Loans under sovereign guarantees alone exceed MVR 7 billion, while its subsidiary MIID holds MVR 1.76 billion in assets under construction and billions in liabilities. Sun English 4 days ago Source

Economy State-owned dredging company spends MVR 1.05 billion without generating any revenue The Auditor General's Office reported that Peninsula Infrastructure Private Limited, a wholly-owned subsidiary of MACL set up for dredging and land reclamation at Velana International Airport, generated no revenue from October 8, 2026 through the end of that year, recording a loss of MVR 31,000. The report also states the company spent MVR 1.05 billion on projects through the end of 2025, offset against debt owed to MACL, which has given written assurance to fund its operations. Raajje (English) 4 days ago Source

Infrastructure Giraavaru Falhu gains 115 hectares as reclamation progresses Giraavaru Falhu has gained 115 hectares of reclaimed land, with reclamation reaching 68.8 per cent of the planned 167.15 hectares, according to Maldives Airports Company Limited (MACL). The current Administration has decided to reclaim an additional 113 hectares to address infrastructure and service requirements. 3 outlets 6 days ago Source

Economy MVR 650 million loan issued to MACL for Giraavaru lagoon reclamation A treasury loan of MVR 650.7 million was issued from the state budget this year to the Maldives Airports Company Limited (MACL) to cover reclamation costs of Giraavaru lagoon, where plots are allocated under the Binveriyaa housing scheme. Reclamation of Giraavaru Falhu, resumed by MACL in January, remains incomplete, with satellite imagery showing no work since it stalled in April. Adhadhu (English) 4 Nov Source

Infrastructure MACL Meets Stakeholders to Align Operations Ahead of Peak Travel Season MACL held a coordination meeting with government stakeholders to review readiness and operational procedures at Velana International Airport ahead of the peak travel period. As part of preparations, check-in for 10 international airlines has been moved to Terminal 2 for the winter travel season to ease congestion. Corporate Maldives 1 Nov Source

Tourism S7 Airlines launches scheduled flights from Novosibirsk to Maldives S7 Airlines has begun scheduled flights between Novosibirsk and the Maldives, with the inaugural flight arriving at Velana International Airport on 30 October 2026. The service will operate twice weekly using Airbus A320-family aircraft, and Russia remains the Maldives' second-largest tourism source market. 4 outlets 1 Nov Source

Economy Maldives’ re-export earnings reach USD 315 million as sea-to-air cargo services expand Maldives re-export earnings reached USD 314.9 million in the first nine months of 2026, up 48.5 percent year-on-year, with jet fuel accounting for more than four-fifths of the total. Sea-to-air cargo operations run jointly by MACL and MPL expanded, handling 633 tonnes in July 2026. Maldives Voice 31 Oct Source

Society President Pledges Nationwide Programme to Tackle Workplace Barriers for Disabled Citizens President Dr Mohamed Muizzu pledged a comprehensive national initiative next year to remove employment barriers and expand inclusion for persons with disabilities, announced during the PSM programme Rayyithunge Adu. NSPA figures show 15,885 registered persons with disabilities, 263 new registrations last month, and MVR 59 million spent on direct disability allowances in September last year. Corporate Maldives 31 Oct Source

Tourism WTA 2026: Maldives nominated as 'World's Leading Green Destination' after back to back wins The Maldives has been nominated for World's Leading Green Destination 2026 at the World Travel Awards, following wins in the same category in 2024 and 2025. Velana International Airport, operated by MACL, was also nominated in two airport categories at the awards. Byline 27 Oct Source

Tourism Shirak Avia Plans Weekly Yerevan–Malé Flights for Winter Season Armenian airline Shirak Avia plans a weekly Saturday service between Yerevan and Malé via a technical stop in Muscat, expected to begin in November 2026 and run through March 2027 using Boeing 737-800 aircraft. Maldives Airports Company Limited (MACL) will have passengers of 10 international airlines, including Shirak Avia, check in at Terminal 2 at Velana International Airport from 25 October to add capacity during the winter tourism season. 2 outlets 24 Oct Source

Infrastructure MACL honours professionals guiding aircraft safely through Maldives skies MACL recognised the work of air traffic controllers in a message marking the International Day of the Air Traffic Controller, observed annually on October 20. The article describes the role of controllers in maintaining aviation safety across the Maldives' tourism-dependent air transport network, with Velana International Airport as the main gateway. The Standard 21 Oct Source

Infrastructure Winter travel rush prompts VIA to expand international check-in to Terminal 2 Velana International Airport will handle international check-in for 10 airlines at Terminal 2 from October 25 as operator MACL expands capacity ahead of the winter tourism season. Terminal 2, reopened in February 2026 after refurbishment, was previously used for domestic operations. 2 outlets 21 Oct Source

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