Regional Airports Company Limited (RACL) has begun work to strengthen its financial stability and undertake initiatives to ensure the availability of fuel at its airports. Managing Director Ahmed Mubeen made the remark during an exclusive interview with PSM News on the occasion of the company's 3rd anniversary.
Speaking to PSM News, Managing Director Mubeen said RACL is operating with a significant state subsidy and the company's aim is to reduce state expenditure as much as possible and make it a commercially viable company. He said he has held discussions with the Ministry of Finance on making changes to the company's mandate. Among the changes include adding tourism components, using vacant land plots in atoll operations for various commercial purposes, and commencing fuel services in areas where fuel is not available.
Additionally, Mubeen highlighted the importance of making all government-owned companies such as RACL self-sustaining. He noted that the cooperation of government ministries would be required in these efforts.
Furthermore, Mubeen said that employees have taken the initiative to decorate the office and the airports under the company to celebrate its three-year anniversary. He also said that a special anniversary ceremony will be held on the weekend, which will see the recognition of outstanding employees. He added that a company trip has also been planned for the employees.
RACL was incorporated in 2021 and currently operates seven airports. They include Hanimaadhoo Airport, Kulhudhuffushi Airport, Funadhoo Airport, Hoarafushi Airport, Maavarulu Airport and Faresmathoda Airport.