Male Airport

GMR gives in, Maldives takes over Male airport

The handover closes the chapter on a contentious business deal involving the Indian company, but the diplomatic hangover will last a lot longer.

Maldives to protect lenders' money: Indian Overseas Bank

The Maldives government has given a comfort letter to Indian Overseas Bank, which has $25-million exposure to GMR Group's Male airport project, assuring safety of lenders' funds, a top bank official said.

GMR to handover Male airport to MACL at midnight

From midnight, the Maldives Airport Company (MACL) will take over operations of the Male International Airport and the battleground is now expected to shift to a protracted arbitration process for compensation.

'India, China war games begin with countries like Maldives'

Maldives and GMR could therefore be the small fish in this power struggle between India, China and Pakistan after the political feud in Maldives intensified ever since the transition of power took place under abnormal circumstances on 7 February 2012.

GMR to hand over airport to Maldives tonight

A senior Indian government official said today that while the Singapore court's decision upholds Maldives' right to take back the airport from GMR, there is still no clarity on the status of the concession agreement.

GMR: Now Singapore court rules in favour of Maldives

A Singapore court ruled in Maldives' favour on Thursday, overturning an earlier order won by GMR Infrastructure.

Maldives airport controversy: 10 rebuttals by GMR

Get this: If Maldives were to award compensation to the tune of $700 million to GMR, it would be 35 percent of the country's GDP.

GMR rubbishes handover, says Maldivian govt should abide by court

Refusing to back down despite a Singapore Court's stay on the eviction, the Maldives Government today claimed that GMR officials have agreed to a "seamless" transfer of the airport as per an eviction letter sent to them.

Control quarters harming bilateral ties: India warns Maldives

Amid a diplomatic row over cancellation of the GMR contract, India today asked Maldives to control any quarters which may be trying to harm bilateral relations saying the issue should not put a "question mark" on the ties between the two sides.

GMR row: Has Maldives killed the proverbial goose?

A Singapore Court today stayed the Maldives government's decision to terminate the $500 million contract awarded to GMR-led consortium for modernising the Male international airport, paving way for the operations to continue.