Trans Mediterranean Airways SAL, was formed by Mounir Abou Haidar. The airline started scheduled cargo services in 1959 currently trading as as TMA Cargo, is a cargo airline based in Beirut, Lebanon. The airline restarted operations in 2010, following a six year suspension of flight operations.
The airline was established and started operations in 1953 as a non-scheduled carrier operating cargo and passenger services. It was certified as the only Lebanese scheduled all-cargo carrier in 1979. Trans Mediterranean Airways (TMA) was the first all-cargo carrier to establish round the world services in both directions. However the Lebanese crisis adversely affected TMA growth and operation. In November 1996, following the Lebanon’s post cicil war rescontrcution plan, the airline took measures to modernise its operations, restructure activities thus increased capital to approx. US $40 million. TMA is owned by Lebanese Air Investment Holding (99.9%) and private investors (0.1%). TMA ceased all flights in February 2004 when the Lebanese Civil Aviation Authority (LCAA) suspended the Air Operating Certificate (AOC) citing safety concerns over its aging Boeing 707 fleet, placing TMA in serious financial trouble and the planned fleet modernization was put to a complete halt. In 2008, Mazen Bsat, Lebanese investor, owner and CEO of Med Airways (formally Flying Carpet ), bought TMA for $1 in exchange for clearing the airlines $60 million debt. In October 2009, TMA launched renovated facilities and a new image, following this TMA also announced that they are to relaunch services. They acquired an Airbus A300-600F for the new cargo operations.In February 2010, the aircraft was painted in the new TMA Cargo livery.
TMA resumed its operations first week of July 2010. It is currently operating several weekly flights to Europe, in addition to two weekly flights to Cairo, Riyadh, Dubai and Sharjah.Executives: Mazen Bsat (CEO), Mazen Sammak (CFO)