Sri Lanka may consider other options for SriLankan Airlines: Finance Minister
Jan 13, 2017 08:32 AM GMT+0530 | 1 Comment(s)
ECONOMYNEXT - Sri Lanka may consider other transparent options to find a partner for state-run SriLankan Airlines if the government decides that proposals made so far can be bettered, Finance Minister Ravi Karunanayake said.
"We are currently in talks. I think we may have to look at this more broadly,"
"We are looking at the proposals made by several companies," Finance Minister Ravi Karunanayake told reporters.
" If we think we can get proposals that are not good enough and better options are possible, we may broaden the process. It will be through a transparent process."
Sri Lanka called expressions of interest to find a partner for SriLankan Airlines before the end of 2016, but no decision has been announced so far.
The government has said it was willing to take off most of the legacy debt of the airlines acquired to finance losses made after ex-President Mahinda Rajapasksa terminated a management contract with Emirates.