The Maldivian government has announced new measures to ensure that revenue from the country’s jet handling sector remains within national borders, benefitting local companies rather than foreign entities. Minister of Transport and Civil Aviation Mohamed Ameen addressed the issue during a recent press conference at the President’s Office, where he highlighted the existing structure of the jet handling industry, which operates under a Maldivian-registered company but directs its primary benefits to foreign parties, particularly from neighbouring countries.
Minister Ameen outlined the government’s commitment to revising this system, ensuring that Maldivian businesses receive the economic advantages of the jet handling sector. He stressed the importance of structuring company registrations so that revenue generated through aviation activities circulates within the Maldives rather than flowing abroad. This adjustment is expected to better serve Maldivian enterprises and enhance the financial sustainability of local aviation-related businesses.
As part of this initiative, the government will also conduct thorough audits on general sales agents and passenger sales agents within the aviation sector. These audits are intended to reinforce the government’s goal of safeguarding Maldivian interests, ensuring that domestic companies benefit directly from aviation businesses operating in the Maldives.
The minister’s statements signal a broader strategy aimed at strengthening local industry control over valuable sectors and affirming the government’s dedication to fostering economic opportunities within the Maldives.
