Ahmed Mubeen, Managing Director of Regional Airports Company Limited (RACL), has tendered his resignation.
RACL expressed gratitude for Mr. Mubeen's contributions to the company in a recent Facebook post, following a farewell gathering held in his honor.
The rationale behind Mr. Mubeen's departure remains undisclosed, and he has not responded to requests for comment.
This development follows the government's September decision to consolidate Maldives Airports Company Limited (MACL) and RACL, a measure intended as part of a broader cost-reduction strategy. However, updates regarding the merger's progress have not been provided by the government.
This initiative aligns with the government's economic policy to alleviate the state's financial burden by divesting certain government-owned entities, thereby addressing the ongoing economic crisis through cost-cutting measures.