Sri Lanka turns to bond-style commission to probe Mihin
Nov 01, 2017 17:18 PM GMT+0530 | 3 Comment(s)
ECONOMYNEXT - Sri Lanka's government decided to appoint a Presidential Commission of inquiry to probe the creation and the operations of Mihin Lanka, a state-run budget carrier set up by the former regime.
Government spokesman Rajith Senaratne said ministers discussed losses of Mihin Lanka airline which was established by former president Mahinda Rajapaksa after his regime had a tiff with the national carrier Sri Lankan.
"The cabinet discussed some matters that were not previously (regarding Mihin)," the minister said. "Therefore, it was decided to appoint a presidential commission of inquiry."
The minister said the airline which began as a budget carrier had accumulated losses of over 4,500 million rupees.
The new government grounded the carrier, laid off staff, and combined its routes with the island's full service carrier, Sri Lankan.
SriLankan Airlines had continue to run losses under the current administration, which has so far delayed privatizing it. (Colombo/Nov02/2017)