The Maldives National University (MNU) has announced plans to invest USD 2 million (MVR 30 million) in the establishment of a flight academy in the country’s southernmost Addu City.
MNU Vice Chancellor Dr Mohamed Shareef informed the People’s Majlis Budget Committee that the university will fund the Addu flying school entirely, adding that a risk assessment would be done.
Last month, Island Aviation Services (IAS) and the Maldives National University signed a Memorandum of Understanding (MOU) to create a joint venture business to handle the flying school, which will be run by the Czech Republic’s Flying Academy.
Following that, IAS agreed to a three-year lease with Gan Airport for the equipment at the Addu flight school.
Dr Shareef indicated that if the agreement is fulfilled, he believes it would be a lucrative venture, noting that the venture is expected to be profitable in three to four years.
The flight academy, which is set to open in December, will train students for a variety of aviation professions in addition to pilot training programmes. The first batch is scheduled to train 30 students, with subsequent batches enrolling 80 students.