Permits have been applied to the government to start operating a new domestic airline in the Maldives as a foreign investment project.
A senior state official stated that documents have been submitted to the state to operate an airline in the Maldives, which is a project funded jointly by a Maldivian and a foreign investor. Permits will be granted to the respective parties very soon, said the official. “The process involves a lot of procedures. We have now requested for a feasibility report from the parties”.
“Manta Air” which will operate to Europe, as well as Chinese destinations, will have its main base in the Maldives. Manta Air was founded by Reollo Investments, which has shares of leading Maldives’ tourism company, Universal Enterprises. The airline is set to start operations this year and will have an initial fleet consisting of four seaplanes and three ATR aircraft.
Full details are available at the link below:
Source URL: Corporate Maldives