Carlyle leads restructuring of Trans Maldivian Airways
The Carlyle Group’s credit platform has led a restructuring of Trans Maldivian Airways (TMA), a Bain Capital-owned seaplane operator whose fortunes are tied to those of the Maldives tourism industry.
TMA was a lucrative investment for The Blackstone Group, which held the company for four years, selling out to Bain in 2017. The incoming PE firm was accompanied by two Chinese partners: tourism and travel...
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