Maldives Airports Company Ltd (MACL)


Tribunal upholds dismissal of airport staff over Facebook post
Ismail Sivaan, a driver at the Maldives Airports Company Ltd, was sacked in May for sharing a prayer on Facebook for the end of President Abdulla Yameen’s administration.
29 Oct 2017, 9:00 AM


President launches US$400m airport runway project
President Abdulla Yameen launched Monday morning a US$400 million project awarded to China’s Beijing Urban Construction Group to build a new runway at the Velana International Airport.
27 Feb 2017, 9:00 AM


Maldives secured US$100m from India to shore up depleted reserve
The agreement with the Reserve Bank of India was the Maldives’ first currency swap deal.
14 Feb 2017, 9:00 AM


Central bank defends bailing out government with GMR payout
The MMA confirmed to the Maldives Independent that it invested in a US$140 million government-guaranteed bond issued by the Maldives Airports Company Ltd on November 15, two days before the attorney general announced the payment of US$271 million in damages to the Indian infrastructure firm.
27 Nov 2016, 9:00 AM


Maldives to pay Indian firm at least US$250m in damages for cancelling airport deal
Indian infrastructure firm, GMR, has won at least US$250million in damages from the Maldivian government for abruptly cancelling a lucrative contract to develop and manage the country’s main airport
28 Oct 2016, 9:00 AM


Saudi Binladin Group awarded Maldives airport terminal project
A massive project to construct a new passenger terminal at the Ibrahim Nasir International Airport has been awarded to the Saudi Binladin Group for an undisclosed amount.
22 May 2016, 9:00 AM


Man arrested over photo of boat blast suspect
Ismail Shakir, an employee of the state-owned Maldives Airports Company Ltd (MACL), was arrested for taking a photograph of Maldivian police officers taking a suspect in a ‘bomb plot’ into custody from the airport tarmac on Friday.
02 Nov 2015, 9:00 AM