Male Airport

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Male Airport - Total results - 16
In tourism-dependent Maldives, China not just financier of infrastructure but most frequent flyer
World

In tourism-dependent Maldives, China not just financier of infrastructure but most frequent flyer

While China has been pouring millions into the Maldives economy, India's contribution has been too little and too slow

GMR's Male airport contract illegal, anti-graft report doesn't change our stand: Maldives
Business

GMR's Male airport contract illegal, anti-graft report doesn't change our stand: Maldives

Hinting that the report is likely to be challenged, he said, "We have to go through the report completely. There was an issue of $100 million cash advance of which $78 million was given.

Investors cheer GMR's strategy to sue Maldives
Business

Investors cheer GMR's strategy to sue Maldives

GMR Infrastructure is planning to seek compensation of over $800 million( Rs 4,334 crore) from the Maldivian government since its contract was cancelled abruptly

'Not China, GMR's poor PR skills led to ouster from Maldives'
World

'Not China, GMR's poor PR skills led to ouster from Maldives'

Maldivian president said that other Indian projects in the country is proof that there is no involvement of the 'foreign hand' in terminating GMR's contract, while his secretary said that GMR's unwillingness to walk the extra mile to resolve the issue resulted in its ouster.

GMR gives in, Maldives takes over Male airport
Business

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
Business

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
World

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.

Control quarters harming bilateral ties: India warns Maldives
Economy

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.

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

'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
Business

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
Business

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
Business

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
Business

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.

GMR row: Has Maldives killed the proverbial goose?
Business

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.

A gentle reminder from Maldives: underdogs can bite too
Business

A gentle reminder from Maldives: underdogs can bite too

For GMR, which is already facing charges of impropriety in India, there is a lot at stake. While Salman Khurshid is batting for the company, without the Male airport contract, GMR will find its bottom line in severe pain.

Airport development fee is at the crux of GMR, Maldives tussle
Business

Airport development fee is at the crux of GMR, Maldives tussle

GMR has said that airport development fee was never implemented and the company is digging its heels in and is planning to take legal recourse