Malé Airport: Under new Management

The Maldives Government (MG) has taken over the running of Malé Airport today (Friday
December 7) from GMR.  The Indian company, along with Malaysia Airport Holdings (GMRMAH), had won a US$510million 25-year contract to manage and develop the facility in 2010.  GMRMAH had earlier said the cancellation of its contract was illegal.
On November 27 the MG issued a notice to GMR stating its intention to take over the running of Malé Nassir International Airport because the concession agreement between the two parties was: “void.”
GMRMAH responded by stating the MG’s intentions were: “unlawful and premature.”  However, after winning an initial court order to prevent the GM’s takeover on Monday (Dec 3rd) it subsequently lost a court battle over the move in Singapore yesterday.
The MG has said that all airport staff will keep their jobs and salaries; adding that it expects to call for new tenders to run and modernise the airport in 2014.
GMR, which had a 77% share in the airport’s operation has said it is “evaluating” the court’s decision.