Male Airport

  • Will restore GMR deal if I return to power: Maldives ex-President March 1, 2013

    Male: Former Maldivian President Mohammed Nasheed spoke to CNN-IBN in his first interview to an Indian TV channel. Speaking to CNN-IBN he said that he will restore the GMR deal with Maldives Airport if he comes to power. "We will restore the deal and will do it in a transparent...
  • GMR seeks over $800 million from Maldives December 16, 2012

    Male: Indian infrastructure firm GMR will seek a compensation of over $800 million from Maldives for the termination of its airport deal but Male is insisting on a "forensic audit" as it feels the actual amount would be less than half. "We have sent a letter to the Maldivian government indicating...
  • China, Maldives firm up defence ties amid GMR row December 11, 2012

    Beijing: Amidst a row over termination of Indian infrastructure major GMR's Male airport contract, China and Maldives on Tuesday firmed up their defence ties with Beijing promising to maintain mutually beneficial relations with the Indian Ocean archipelago nation. Chinese Defence Minister Gen Liang Guanglie held talks with Maldivian counterpart Col (Retd)...
  • China not behind GMR contract termination: Maldives December 9, 2012

    New Delhi: According to sources, Maldivian President Mohammed Waheed Hassan has categorically stated that China is not behind his government's decision to scrap the Male airport development contract with GMR Group. The President also indicated that there was a problem right from the beginning in the approach of then president...
  • MACL takes over airport operations from GMR December 8, 2012

    Male: Maldives' state-run MACL on Friday night took over the operations of the Male international airport from GMR after the Indian infrastructure major lost a week-long legal battle over the "unilateral" termination of its $ 511 million airport modernisation contract. "Maldives Airport Company Limited has taken over the operations of the...
  • Will handover airport to MACL at midnight: GMR December 7, 2012

    Male: The Maldives government is poised to take over the Male International Airport with GMR agreeing to meet the midnight deadline to hand over the operations after the Indian infrastructure major lost a week-long legal battle. "MACL will officially take over the operations of the airport at midnight. A handing...
  • India puts on hold Rs 250 cr loan to Maldives: sources December 7, 2012

    New Delhi: India has put on hold a Rs 250 crore loan to Maldives, according to sources say. Sources say the loan for bilateral aid has been put on hold due to GMR's eviction. The Maldives government is set to take over the Male airport at midnight on Friday. This comes...
  • Maldives can take back airport from GMR: court December 6, 2012

    Singapore: In a major setback to GMR, the Singapore Court of Appeal on Thursday ruled that the Maldives government had the authority to take back Male airport from the company. Maldives President Mohammed Waheed Hassan's Press Secretary Masood Imad said that the government would go ahead with the transfer as...
  • Don't rule out role of foreign hand in Male crisis: GMR December 5, 2012

    New Delhi: Days after it was unceremoniously thrown out of Maldives airport project, GMR Infrastructure on Wednesday said involvement of a foreign country in Island nation's decision cannot be ruled out. "I can't say that for sure. But, looking at the political situation and political framework in Maldives, I can't...
  • India's stern message to Maldives on GMR issue December 4, 2012

    New Delhi: In a stern message to Maldives, India on Tuesday said it expected no arbitrary and coercive action should be taken pending the outcome of legal proceedings on the GMR contract issue and warned that recourse to any such action would have adverse consequences for bilateral relations. In response to...
  • Maldives firm on GMR contract cancellation December 4, 2012

    New Delhi/Male: In the standoff between Maldives and India over the GMR managed airport, Male is adamant that the contract will not be revived, and that it will take control of the airport by December 8. Reacting to the development, the Indian government is now taking matters in its own...
  • Maldives says will take over Male airport December 4, 2012

    Male: Maldives on Tuesday asserted that it would go ahead with the takeover of the Male International Airport from GMR later this week and said they along with the Indian firm had "worked out" a plan to hand over the running of the airport "without any hiccups". "Yes, we will...
  • Maldives tells India that it can't continue with GMR contract December 4, 2012

    New Delhi: Maldives is standing firm by its decision to take control of Male airport by December 8. This despite sources saying that India is upset with the development and has decided to freeze an aid of $ 25 million to Maldives, due in 2013. CNN-IBN has learnt that the...
  • India freezes aid to Maldives, ties under stress December 3, 2012

    Singapore/Male/New Delhi: In a move to put pressure on Male, India has frozen aid to the Maldives as its government on Monday decided to take control of the international airport despite a Singapore court staying the suspension of the contract given to India's GMR-led consortium. The High Court of Singapore suspended...
  • GMR to continue operations at Male airport in Maldives December 3, 2012

    New Delhi: A Singapore court on Monday stayed the cancellation of airport contract by Maldives with GMR Group. This has come as a relief for GMR, which will now continue its operations at Male airport in Maldives. The option of legal action in Singapore is provided in the contract GMR...
  • Maldives: Termination of GMR contract is a huge setback, says Khurshid November 30, 2012

    A diplomatic row is brewing between India and Maldives over the termination of the Male airport contract. The Maldivian government has ruled out reviving the $500 million deal with GMR and justified the scrapping by saying it was done purely on legal grounds. ...
  • Termination of GMR contract a major setback: Govt November 30, 2012

    New Delhi: Upset with Maldives for unilaterally deciding to terminate the $500 million GMR airport project in New Delhi, External Affairs Minister Salman Khurshid said it was a major setback in the bilateral relations of the two countries. Speaking to CNN-IBN, the Union Minister said that India has communicated its...
  • 'India-Maldives ties will be hit over GMR issue' November 29, 2012

    New Delhi: The Ministry of External Affairs is assessing the diplomatic fallout with Maldives over its decision to cancel a $500 million Male airport contract with GMR. Government sources on Thursday said it was inevitable that India's ties with Maldives would be hit over the commercial dispute. According to sources, the...
  • Maldives hopes GMR contract termination will not impact ties November 28, 2012

    A diplomatic row is brewing between India and Maldives over the termination of the Male airport contract. ...
  • Maldives rules out reviving airport deal with GMR November 28, 2012

    New Delhi: A diplomatic row is brewing between India and Maldives over the termination of the Male airport contract. The Maldivian government has ruled out reviving the $500 million deal with GMR and justified the scrapping by saying it was done purely on legal grounds. The Maldives Attorney General has indicated...
  • Maldives scraps $500 mn GMR contract, India reacts sharply November 28, 2012

    New Delhi: A diplomatic standoff is brewing between India and Maldives, as in a sudden and unilateral action, Maldives on Tuesday decided to scrap the $500 million contract given to Indian firm GMR Group for developing Male Airport. The Maldivian government had scrapped the deal with Indian firm GMR, deeming it...
  • Maldives decides to scrap GMR contract, India reacts November 27, 2012

    Male/New Delhi: In a sudden and unilateral action, Maldives on Tuesday decided to scrap the $500 million contract given to GMR Group for developing Male Airport, evoking a sharp reaction from India which said it sends a "very negative signal" to foreign investors. The Maldives Cabinet in a meeting on Tuesday...