Air Maldives managers and shareholders have failed to agree a refinancing package for the troubled airline, which has returned two leased Airbus A310s to the manufacturer.

The carrier was operating one A310-300 and one A310-200 on long-haul routes. The -300 was the first of three on order, and was delivered in October in anticipation of proposed services to Bangkok, Johannesburg, Kuala Lumpur and London. Delivery of the other two aircraft was frozen.

Air Maldives suspended international services in February and has since operated only two Dornier 228s and one Bombardier Dash 8-200 on domestic routes. Refinancing efforts have focused on replacing aircraft.

Board members and shareholders' representatives met on 18 April to discuss refinancing. The issue will be addressed again at a meeting between 49% shareholder Naluri - a Malaysian holding company and parent of Malaysia Airlines - and the Maldives Government, which owns 51%.

Source: Flight International