National airline in trouble, losses of MVR 110m

4 weeks ago

Island Aviation Services (IAS), the company which operates the national carrier, Maldivian, has reported a loss of MVR 110 million.  Statistics published by the Privatization and Corporatization Board (PCB) which oversees state-owned companies show that the income for ISA fell by 76 percent in the second quarter of 2020 when compared with the second quarter of 2019.  The company earned MVR 457