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Fuvahmulah Airport handed to government after costing STO MVR170 million
27 Jan 2015

 

Fuvahmulah Airport handed to government after costing STO MVR170 million thumbnail

The State Trading Organisation (STO) has been losing MVR12 million (US$ 780,000) per year since Fuvahmulah Airport opened in 2011, Managing Director Ahmed Azim told Haveeru.

“I requested the government to take over the airport because it has been causing that much damage to the company,” said Azim, noting that the state-owned company had lost in excess of MVR170 million (US$11 million) since the airport opened.

 

Source: http://minivannews.com/politics/fuvahmulah-airport-handed-to-government-after-costing-sto-mvr170-million-92408