President Ibrahim Mohamed Solih on Wednesday revealed that Maldivian, the country’s official airline, is attempting to form a joint venture with a foreign partner in order to overcome financial difficulties.
During a news conference at the President’s Office, President Solih stated that Maldivian had been operating at a loss, which had been compounded by the COVID-19 pandemic. He added that efforts are being made to overcome financial issues and turn the company profitable.
The president stated that joint venture discussions with foreign companies are ongoing to find a way to profit from the national airline’s international routes. In addition, he stated that his administration is looking for investors to help expand Maldivian’s seaplane fleet.
Furthermore, President Solih emphasized the significance of maintaining the national airline with government subsidies for domestic flights.
As the national airline, Maldivian is compelled to make some financial decisions that are not profit-driven, such as flying to every airport in the country regardless of flight popularity and giving cheap flight tickets.