China-US company buys Trans-Maldivian Airways (TMA)

A joint venture of China and the US has signed a $500m deal to buy Trans-Maldivian Airlines (TMA).

TMA, which is currently operated by US company Blackstone, is the largest seaplane fleet operator in the world.

The Economic Times of India reported on Tuesday that US company Bain Capital is buying TMA with Chinese conglomerate Tempus Group, which runs tour operator Shenzhen Tempus Global Travel Holdings and TBRJ Funds.

Blackstone in 2013 bought sea plane operators Maldivian Air Taxi and TMA and consolidated the two companies.

Blackstone will reportedly receive 4.8-fold return on a four-year investment once the deal is completed.

HSBC, one of the largest banking and financial services organizations in the world, is an adviser to the transaction.

A joint venture of China and the US has signed a $500m deal to buy Trans-Maldivian Airlines (TMA).

TMA, which is currently operated by US company Blackstone, is the largest seaplane fleet operator in the world.

Blackstone in 2013 bought sea plane operators Maldivian Air Taxi and TMA and consolidated the two companies.

Blackstone will reportedly receive 4.8-fold return on a four-year investment once the deal is completed.

HSBC, one of the largest banking and financial services organizations in the world, is an adviser to the transaction.

China-US company buys Trans-Maldivian Airways (TMA)

Comments

Qatar Airways increases daily flight frequency to Maldives

Qatar Airways increases flights to Maldives due to high demand

Qatar Airways increases daily flight frequency to Maldives

British Airways resumes flights to Maldives

Local company to plant a tree for every t-shirt purchase

On This Day

MP Meekail calls for a credible investigation into GMR power outage issue

Banning Israeli passports: gov't to amend law

EV Bus Charging Stations unveiled for the first time in Maldives

First Couple attends launching of "Joint Positive Parenting Program"

Bomb threats provoke enhanced security measures near presidential residence

Justice Abdulla Didi allegedly accepted USD 1m to convict Nasheed

Man arrested over break-in at Ahmadhiyya School

China-US company buys Trans-Maldivian Airways (TMA)

Comments

Qatar Airways increases daily flight frequency to Maldives

Qatar Airways increases flights to Maldives due to high demand

Qatar Airways increases daily flight frequency to Maldives

British Airways resumes flights to Maldives

Local company to plant a tree for every t-shirt purchase

On This Day

MP Meekail calls for a credible investigation into GMR power outage issue

Banning Israeli passports: gov't to amend law

EV Bus Charging Stations unveiled for the first time in Maldives

First Couple attends launching of "Joint Positive Parenting Program"

Bomb threats provoke enhanced security measures near presidential residence

Justice Abdulla Didi allegedly accepted USD 1m to convict Nasheed

Man arrested over break-in at Ahmadhiyya School