International news organisation Reuters reported that Trans Maldivian Airways (TMA), owned by American buyout firm Bain Capital, is "struggling to repay" its USD 305 million (MVR 4.7 billion) loan due to the economic repercussions of the ongoing pandemic.
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Seaplane giant Trans Maldivian Airways (TMA)'s planes grounded at their operating terminal. Due to the economic repercussions of the ongoing COVID-19 pandemic, TMA is reportedly struggling to pay off its USD 300 million loan. PHOTO: SOCIAL MEDIA
Shahudha Mohamed
2020-08-20 14:49:37
International news organisation Reuters reported that Trans Maldivian Airways (TMA), owned by American buyout firm Bain Capital, is "struggling to repay" its USD 305 million (MVR 4.7 billion) loan due to the economic repercussions of the ongoing pandemic.
According to sources, Reuters reported that TMA, the world's largest seaplane operator, is "currently grappling with grounded planes and almost zero revenue".
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