Friday, March 24, 2023
DhiDaily - English Edition
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި
No Result
View All Result
DhiDaily - English Edition
No Result
View All Result

Carlyle Group Considers Sale of TMA

Ibrahim by Ibrahim
July 25, 2022
0
Carlyle Group Considers Sale of TMA
0
SHARES
17
VIEWS

A group of investors led by Carlyle Group Inc. is considering a sale of Trans Maldivian Airways that could value the world’s largest seaplane operator at as much as US$ 700 million.

Carlyle and co-investors King Street Capital Management and Davidson Kempner Capital Management have held initial talks with potential advisers for the divestment of TMA. A transaction may value the Maldives-based seaplane operator at US$ 500 million to US$ 700 million.

Other firms in the industry and investment funds have shown preliminary interest in acquiring the business and considerations are ongoing but no final decision has been made and the owners could still decide to retain the asset for longer, according to sources.

TMA is the oldest air services provider in the Maldives and has since expanded into the world’s biggest seaplane operator, according to its website. The company provides transfer services from the Maldives’s main international airport to more than 80 island resorts across the country, flying over 1 million passengers each year.

Carlyle Group Inc. became TMA’s majority owner last year after leading a debt restructuring deal, along with King Street and Davidson Kempner.

Tags: TMA

Related Posts

HDC Launches Maldives’ First Ceramic Arts and Pottery Studio
Business

HDC Launches Maldives’ First Ceramic Arts and Pottery Studio

March 23, 2023
Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia
Local

Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia

March 23, 2023
Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election
Local

Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election

March 23, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
BML Navigates Stormy Seas: Speculation of Complicity in Scam Calls

BML Navigates Stormy Seas: Speculation of Complicity in Scam Calls

March 12, 2023
Italian Cruise Ship Costa Deliziosa Arrives in Maldives

Italian Cruise Ship Costa Deliziosa Arrives in Maldives

February 5, 2023
MTCC Launches Online Top-Up Service for Dhathuru Card

MTCC Launches Online Top-Up Service for Dhathuru Card

April 19, 2021
Fire Breaks Out in Vakkaru Resort

Fire Breaks Out in Vakkaru Resort

December 14, 2021
Stewart Fired as CEO of MACL

Stewart Fired as CEO of MACL

1
Speaker Nasheed Undergoes Multiple Successful Surgeries

“I Will Not Compete Against President Solih” – Nasheed

1
Cat Strangling Video Receives Backlash

Cat Strangling Video Receives Backlash

1
UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

UK Prime Minister Boris Johnson Reveals His Cautious Lockdown Easing Plan

0
HDC Launches Maldives’ First Ceramic Arts and Pottery Studio

HDC Launches Maldives’ First Ceramic Arts and Pottery Studio

March 23, 2023
Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia

Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia

March 23, 2023
Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election

Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election

March 23, 2023
Man arrested for assaulting woman in viral video, remanded in custody by Madaveli court

Man arrested for assaulting woman in viral video, remanded in custody by Madaveli court

March 23, 2023

Recent News

HDC Launches Maldives’ First Ceramic Arts and Pottery Studio

HDC Launches Maldives’ First Ceramic Arts and Pottery Studio

March 23, 2023
Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia

Ministry of Islamic Affairs to distribute donated dates from Saudi Arabia

March 23, 2023
Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election

Jumhoory Party and Nasheed’s Faction Begin Drafting Joint Manifesto for Presidential Election

March 23, 2023
Man arrested for assaulting woman in viral video, remanded in custody by Madaveli court

Man arrested for assaulting woman in viral video, remanded in custody by Madaveli court

March 23, 2023
DhiDaily - English Edition

© 2022 Dhidaily

  • About
  • Advertise
  • Privacy & Policy
  • Contact

No Result
View All Result
  • Home
  • Local
  • Reports
  • World
  • Business
  • Sports
  • Entertainment
  • Tech
  • ދިވެހި

© 2022 Dhidaily