Buyout firm Bain in Maldives seaplane operator bid: report
TMA calls itself the world’s largest seaplane operator, saying it flew close to a million passengers around the Indian Ocean archipelago last year on more than 120,000 flights.
05 Nov 2017, 9:00 AM
Buyout firm Bain Capital is teaming up with a Chinese conglomerate in a half-billion dollar bid for Trans Maldivian Airways, Bloomberg has reported.
The US private equity company is partnering with Shenzhen-based Tempus Group Co, said Bloomberg citing unnamed sources, with the consortium discussing a valuation of around US$500 million.
TMA calls itself the world’s largest seaplane operator, saying it flew close to a million passengers around the Indian Ocean archipelago last year on more than 120,000 flights.
It has operated under the TMA brand since a controversial deal in 2013 when US private equity fund Blackstone snapped up a controlling stake in both the Maldives’ seaplane operators TMA and Maldivian Air Taxi for an undisclosed sum.
Become a member
Get full access to our archive and personalise your experience.
Already a member?
Discussion
No comments yet. Be the first to share your thoughts!
No comments yet. Be the first to join the conversation!
Join the Conversation
Sign in to share your thoughts under an alias and take part in the discussion. Independent journalism thrives on open, respectful debate — your voice matters.
