Island Aviation Services Limited (IASL) and the Maldives Fund Management Corporation Limited (MFMC) have taken a significant step towards creating a new international airline. The two entities signed a Memorandum of Understanding (MoU) during a special ceremony held at the Ministry of Economic Development.
This partnership marks the beginning of an exciting journey towards achieving global connectivity and limitless opportunities for both organizations. The primary goal of this collaboration is to offer passengers from various regions, including China, Europe, Russia, and beyond, a top-notch travel experience when visiting the Maldives. Beyond enhancing the transport sector, this agreement is poised to have a sustainable and positive impact on the country’s tourism industry and overall economy.
The MoU outlines plans for the establishment of a joint venture, with a particular focus on expanding international operations, including long-haul flights using wide-body aircraft. IASL envisions this partnership as a catalyst for bolstering the Maldives’ presence in global aviation while stimulating economic growth. Through coordinated efforts and strategic investments, both parties aim to tap into international markets.
