Maldives Fund Management Corporation (MFMC) and Island Aviation Services Limited (IASL) have officially signed a Memorandum of Understanding (MoU) to establish a brand-new international airline.
The MoU signifies an exciting leap forward in the strategic collaboration between MFMC and IASL. With a shared vision to interlink the Maldives with the world and contributing to the nation’s economic growth, the two entities are embarking on an ambitious journey to establish a world- class international airline that showcases the beauty and hospitality of the Maldives on a global stage.
The international airline aims to leverage the combined strengths and expertise of MFMC and IASL to provide unparalleled travel experiences, seamless connectivity, and unmatched service quality. This visionary collaboration is primed to cater to critical tourist markets, including but not limited to China, Europe, and Russia, opening doors to a new wave of sustainable tourism influx. Through this strategic partnership, both organizations are steadfast in their pursuit of realizing a shared vision: to bolster the Maldives’ reputation as a premier travel destination and simultaneously generate substantial economic gains for the country.