Blackstone Group is considering its options insofar as the future of its investment in Trans Maldivian Airways (TMW, Malé) is concerned.
Sources who spoke to Bloomberg said the US-based private equity firm is looking at all options, including a possible sale, after unspecified entities expressed an interest in acquiring the Maldivian seaplane specialist. No final decisions have yet been made, and Blackstone may decide to keep the business, the sources said.
In 2013, Blackstone acquired controlling stakes in two Maldives-based seaplane operators – Maldivian Air Taxi (Malé) and Trans Maldivian Airways - before merging them under the Trans Maldivian Airways brand.
Earlier this year, Chinese conglomerate Zongshen Industrial Group (ZIG) was reported to be in talks to acquire shareholdings in seaplane operators located in the Maldives and the United States.
Using an all-amphibian fleet of one DHC-6-100, one DHC-6-200, forty-one DHC-6-300s, and three DHC-6-400s, Trans Maldivian Airways operates regular flights throughout the Maldivian archipelago.
