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Maldives Airports Company Ltd (MACL) on Monday denied the invovment of their board of directors in letters exchanged between the company and Trans Maldivian Airways (TMA) in the controversial seaplane terminal deal.
Letters sent from MACL to TMA, recently brought to light by local media Mihaaru, reportedly revealed that the former's Board of Directors agreed to lease 31,000 square meters from the new seaplane terminal, developed by MACL at Velana International Airport (VIA), to TMA well below the market rate, at a rate of USD 10.35 per square meter for a period of 15 years.
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