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Monday, 4 February 2013

Operator News


03-Feb-2013

Blackstone acquires majority stake in Maldivian Air Taxi & Trans Maldivian Airways

An equity fund managed by Blackstone on behalf of it's equity partners has acquired a controlling interest in both of the Maldives based Twin Otter operators, MAT and TMA. Maldivian Air Taxi founder Lars Erik Neilsen and Trans Maldivian majority shareholders Lars Petre and Hussain Afeef retain substantial shareholdings, and will continue to play significant roles in the company, including serving on the Board of Directors.
 
The airline's combined fleet will include 44 Twin Otters, operating over 100,000 flights per year, and employ over 900 people.