The restructuring has been approved by Trans Maldivian Airways' former equity owners Bain Capital and China-based Tempus Global, both of which will retain minority stakes in the carrier, according to a party close to the transaction.

IndiGo is planning to raise INR30 billion ($408 million) through a share sale—less than three and a half months after the Indian LCC giant said it had decided against raising cash.

The CEO of Dubai Airports said the 2021 first quarter (Q1) passenger traffic at Dubai International (DXB) reflected “the consolidation phase in our business recovery.”