Male’, Maldives, 31st August 2023 – Island Aviation Services has forged a Memorandum of Understanding (MoU) with the Fund Management Corporation under the Ministry of Economic Development. This strategic alliance has paved the way for a joint venture with MFMC as an equity partner, with a primary focus on enhancing international operations, specifically the introduction of wide-body flights to long-haul destinations.
This partnership is driven by the shared goal of expanding the global aviation presence of the Maldives while concurrently fostering economic growth in the region. The collaborative effort encompasses a range of initiatives and strategic investments, all designed to harness opportunities within international markets. Ultimately, these endeavors aim to establish the Maldives as a prominent and influential player in the global aviation sector.