Velana International Airport

The airport first started out as a small strip of land on the then inhabited island of Hulhulé. Hulhulé Airport was opened on 19 October 1960. The first runway built on Hulhulé Island was made of slotted steel sheets. This runway was 75 ft × 3,000 ft (23 m × 914 m). The first aircraft which landed at the airport was a Royal New Zealand Air Force Bristol Freighter, NZ5906, on 19 October 1960 at 13:55hrs. The first commercial flight was an Air Ceylon flight (Avro 748; 4R-ACJ) landed on this runway was at 15:50hrs on 10 April 1962. The first aircraft owned by the Maldives landed on the runway of the Hulhulé Airport on 9 October 1974.

In May 1964, the government and the people of Malé worked together to construct a new asphalt runway. The four districts of Malé competed for the prize money of 1,000 rufiyaa, awarded to the fastest district. On the first day 150 volunteers were enlisted for the project and 1,563.08 rufiyaa was donated. The new runway was opened on 12 April 1966 at 16:00 by President Ibrahim Nasir.

Upgrade to Velana International Airport

Maldives Airports Company Ltd (MACL) was formed on 1 January 1994 to operate and manage the Malé International Airport. MACL is governed by the board of directors appointed by the President of the Maldives.

On 1 January 2017, the airport was rebranded as Velana International Airport, referring to the family house name of President Ibrahim Nasir. The rebranding is part of a strategic plan in aligning the airport with the economic vision of the Yameen administration. India has played a crucial role as a key supporter and financier of infrastructure initiatives in the Maldives, serving as a steadfast friend. India's Line of Credit amounting to $136.6 million significantly expedited the successful completion of the Male Airport project.

Privatisation of the airport

In 2010, the Nasheed administration appointed IFC to run a bidding process for the privatisation of the airport. The bid was won by a consortium between GMR Group and Malaysia Airports who provided 1 billion rufiyaa as upfront fee to the government for the expansion and modernisation of the airport by 2014, and its operation for 25 years.

By the end of the year, MACL officially handed over the aerodrome licence of the airport to the newly formed GMR Malé International Airport Ltd (GMIAL). GMIAL announced that the development plans included reclaiming more land at the eastern end of the runway; where a new terminal is to be built. This terminal would consist of three separate bridged buildings. Plans for a separate cargo terminal were also announced. However, the project faced numerous delays.

In late 2012, the new government of Maldives under the Waheed administration declared that the concession agreement was void ab initio and on 27 November 2012 gave GMIAL a deadline of seven days to 'evict the airport', a decision which drew mass protests from the government's opposition, as well as criticism from the government and media of India. On 7 December, GMR handed over the airport to the government, and MACL was reinstated as the operator.

Expansion of the airport

On 18 September 2018, the airport finished a new runway. It is 3,400 metres (11,155 ft) long and 60 metres (197 ft) wide, built to serve larger aircraft. The new runway was only used as a taxiway until 2022, when the old Trans Maldivian Airways seaplane terminal - too close to the new runway, and considered a potential hazard under international standards - was finally demolished. Although the new runway was inaugurated on 5 September 2018 by then president of Maldives, Yameen Abdul Gayoom, it was not in use for scheduled flights for 4 years from then until the runway was fully ready.

On 26 June 2019, a Maldivian Airbus A320 successfully tested the new southwest apron at Velana International Airport. This was the first live flight operation testing by Maldives Airports Company as they awaited final certification for operations. On 17 July 2019, the new apron was opened for flight operations. The ICAO fully compliant apron has three Code E MARS stands, two dedicated Code E stands and one dedicated Code C stand.

On 6 October 2022, a new Seaplane Terminal was opened. The terminal was developed by China's Beijing Urban Construction Group (BUCG) at a cost of US$55 million. In the world's largest seaplane operation, the new terminal and dock can accommodate more than 100 seaplanes and operate 300 daily flights on average rising to 600 during peak season with the capacity to serve more than 6,000 tourists a day. With 28,000 square metres (301,389 sq ft) of floor space, the four-storey terminal building includes offices, arrival lobbies, and 42 lounges, most of which are dedicated for resorts aside from the MACL's VIP and business lounges.

The foundation work of the new passenger terminal being constructed at the airport was completed as of December 2019. The new passenger terminal is being developed at the south of the current international terminal and will have an area of over 78,000 square metres (839,585 sq ft).