Business

MPL signs with three companies for Sea-to-Air Cargo Transshipment services

Published

1 month ago

29/03/2024

Maldives Ports Limited (MPL) has entered agreements with three companies to inaugurate the new Sea-to-Air Cargo Transshipment services, marking a significant development for the company. The agreements were signed with Maldives Airport Company Limited (MACL), Maldives State Shipment (MSS), and Turkish Airlines during a special signing ceremony held in Meerumaa.

Turkish Airlines signed an agreement with MPL to serve as a cargo partner for the Sea-to-Air Cargo Transshipment. Managing Director of Expedite Maldives Ali Thoriq signed the agreement. Expedite Maldives is the designated agent of Turkish Airlines in Maldives. Additionally, MPL signed contracts with MSS designating their role as a carrier partner, Managing Director of MSS with Ahmed Shareef signing on behalf of the company. Furthermore, MPL finalised agreements with MACL, outlining collaborative efforts to provide Sea-to-Air Cargo Transshipment services. Chief Commercial Officer of MACL Mohamed Mihad signed the agreement.

During the signing ceremony, CEO of MPL Mohamed Wajeeh highlighted initiatives and projects entrusted to the company by President Dr. Mohamed Muizzu, aimed at enhancing the country’s economic growth. He expressed confidence that the transshipment services introduced by MPL would have a positive impact on the economy, including increased revenue. Efforts to accomplish these tasks are currently underway.

Regional Cargo Manager of Turkish Airlines Bilal Okuch discussed plans to collaborate with MPL to establish the Maldives as a prominent destination for Sea-to-Air transshipment services. Okuch emphasised the need for a hub capable of meeting airlines’ demands, with the aim of shifting operations from Sri Lanka to the Maldives.

MACL and MSS expressed gratitude for the partnership with MPL in a project targeting economic growth and expansion of cargo services. Both companies anticipate significant changes within the industry.

MPL officially announced the commencement of Sea-to-Air Cargo Transshipment services on March 15. This Hybrid Model, provided in collaboration with MACL and other international airlines, aims to meet demands within the commercial industry efficiently. MPL highlighted the key benefit of increased flights to various countries resulting from this service, typically offered by foreign countries to expedite the export process.

Source(s): PsmNews

Business

Maldivian regional fleet grows with fourth ATR arrival

Published

8 hours ago

09/05/2024

Maldivian, the national carrier of the island nation on Wednesday, announced the arrival of its newest addition to the fleet, a fourth ATR 42-600 aircraft.

The new aircraft added to the carrier landed at Velana International Airport some time on Wednesday.

In order to commemorate the milestone, a special ceremony was held at VIA which was attended by distinguished guests, officials and key partners.

The new aircraft, Maldivian added, will enhance the airline’s capacity to serve more routes and provide increased connectivity for both locals and tourists. Moreover, this fleet expansion also reflects Maldivian’s commitment to offering exceptional service and convenience to its passengers.

At Wednesday’s event to welcome the new ATR aircraft, Maldivian’s Managing Director Ibrahim Iyas emphasized the importance of the new aircraft in the company’s growth strategy.

“We have made great strides toward achieving both operational excellence and a greater passenger experience with the addition of this brand-new ATR aircraft to our fleet,” Iyas commented.

“This aircraft offers an unprecedented level of comfort thanks to improved interior humidity control and much lower noise levels. Modern avionics and exceptional fuel economy which further support our dedication to sustainability while maximizing performance throughout our expanding network.”

Maldivian fleet currently has 25 aircraft which include an Airbus A320 commercial carrier, four ATRs, nine Dash-8 series aircraft and eleven Twin Otter seaplanes.

Source(s): sun.mv

Business

Economic growth slowed down 4.7% in 2023.: MMA

Published

22 hours ago

08/05/2024

Maldives Monetary Authority (MMA) reports the economic growth slowed down 4.7% in 2023.

In its annual report, the central bank reported economic growth slowed owing to muddied performances in the tourism and construction industries.

While last year economic growth slowed 4.7%, it rose by 13.9% in 2022.

Tourism industry activity slipped last year because of the decline in the average duration of stay.

While tourism and construction industries, two of the major economic sectors, observed decline, other major sectors such as financial, fisheries, and private sector credit had gone up.

The Maldives government is taking corrective measures to rectify the economic growth, while President Dr. Mohamed Muizzu’s vision is to elevate the country’s national GDP to USD 12 billion, according to the Minister of Economic Development and Trade Mohamed Saeed.

Source(s): sun.mv

Business

TMA becomes first Asian operator to receive Havilland Certificate

Published

1 day ago

08/05/2024

Trans Maldivian Airways (TMA), the world’s largest seaplane operator, receives De Havilland Canada’s endorsement certificate, making it the first operator in Asia to achieve the recognition.

At the official endorsement ceremony held last Sunday, De Havilland’s Chief Executive Officer Brian Chafe awarded the endorsement to TMA Chief Executive Officer A.U.M Fazy.

De Havilland owners Sherry Brideson and Robert McDonald, along with senior representatives of the Canada’s aerospace company and TMA officiated the ceremony.

TMA Chief Fauzy had thanked De Havilland’s continued support with its Twin Otters, elevating the operator’s success.

De Havilland CEO highlighted TMA’s success of completing two million flight cycles, which he added is unprecedented anywhere else.

The Canadian aerospace company affirmed continued support to TMA in future as well.

Source(s): sun.mv