Trans Maldivian Airways looks to revamp with the aid of Financial Advisors


Maldives
PUBLISHED March 24, 2020

Trans Maldivian Airways (TMA) is informed to be discussing with financial advisors for an upcoming upgrade following the downturn in tourist arrivals to Maldives due to the outbreak of COVID-19.

With the halt of flight services between Maldives and China, in addition to the European countries such as Italy, France, Spain, Germany and the UK which accounts for more than half of total tourist arrivals to the country per year, have resulted in a tough economic climate. In 2019, over 1.5 million tourists were recorded to have visited Maldives of which China contributed to the most number of arrivals, according to statistics.

In February 2013, Maldivian Air Taxi (MAT) and Trans Maldivian Airways (TMA) partnered with Blackstone, one of the worlds leading investment and advisory firms under the name Trans Maldivian Airways Pvt Ltd. The company was later acquired by Bain Capital Private Equity, a global private equity firm headquartered out of the US, in association with Tempus Group, a Chinese tourism-focused conglomerate.

Known as the world's largest seaplane operators, Trans Maldivian Airways offers transfer services to more than 80 Maldivian resorts, flying over 1,000,000 passengers per to their holiday destinations.

TMA has repeatedly been recognized for delivering outstanding service and leading the way in innovation within the global tourism market, receiving following renowned accolades year after year.

Comments

Please login to Comment


NEWS ARCHIVE