Trans Maldivian Airways May Be Placed on the Market for Sale

A consortium of investors, spearheaded by The Carlyle Group, is contemplating the sale of Trans Maldivian Airways (TMA), the world’s largest seaplane operator. This decision comes in response to a significant rebound in tourism to the Maldives. The group, which includes King Street Capital Management and Davidson Kempner Capital Management, is collaborating with a financial adviser to gauge interest from potential buyers, encompassing both industry stakeholders and investment funds. While discussions are in the preliminary stages, the valuation of TMA could reach up to $700 million.