Privatization on the cards
Sri Lanka has been in the process of coming out of an unprecedented economic crisis
SOE agency to come up with sale plan
"With this agreement, Sri Lanka and the Netherlands will be able to start direct flights."
Charter services will also operate
Now two private investors are bringing aviation fuel
“We are a broken nation and we all need to get together and [uplift] the broken nation."
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
.he Saudi Air flight SV788 landed in Changi Airport at 1917 local time (1647 Sri Lanka Time)
Forex loss Rs145bn
The cabinet has given the approval to re-initiate the operation effecting from July 01,2022
After June 28, 2022, aircraft will have to carry their return fuel according to the CA notice to airmen (NOTAM)
Flights were restricted after Covid-19 pandemic outbreak in 2020.
The court will decide whether or not to issue an interim injunction, the sources added.
Foreign Ministry say the matter is being considered through diplomatic channels
In the year to March 2022 finance costs went up to Rs122.5bn Rs35.6bn and unrealized forex losses were Rs47.7bn
Empty flights to take back passengers
SriLankan Airline's losses have accumulated to 372 billion rupees by end March 2021.
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
During the past two years they have paid for all the supplies made
The national carrier has racked up losses of 372 billion rupees since management control
I propose that the loss making Sri Lankan Airlines be privatized
The lease premiums may still be cheaper than existing aircraft after a sovereign downgrade
He said this organization is making losses and needs to be sold
"We allowed some flights to come and refuel at Mattala as well because BIA's fuel was finishing faster"