December 8, 2012 1:55 PM

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Maladives takes over charge of Male airport scrapping agreement with GMR

Maladives has taken charge of Male airport from GMR. Maldives government had scrapped the agreement with GMR on the first of this month, saying that the agreement was not in the interest of the country. Singapore Supreme Court had upheld the right of Maldives to terminate the 25 year contract.
Officials say, there will be a three-week transition period beginning yesterday at the end of which GMR will stop operating the airport. State media reports that Maldivian Airport Company Limited, which will run the airport, has agreed to retain all staff, including Indian nationals, on the same terms. Top GMR officials had met with Maldives President earlier in the day.

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