Island Aviation MVR 1.12 billion in debt to MACL

3 weeks ago

The Island Aviation Services Limited (IASL), which operates the national carrier Maldivian, is MVR 1.12 billion in debt to the Maldives Airports Company Limited (MACL), according to MACL’s Managing Director Ibrahim Shareef. In a meeting with the Parliament’s State-owned Enterprises Committee on Tuesday, Shareef was questioned about the MACL’s financial situation. He said that several SOEs have yet to clear massive debts