Monday July 23, 2018

Sri Lanka in new bid to fix loss-making SriLankan Airlines

Nov 10, 2017 15:37 PM GMT+0530 | 3 Comment(s)


ECONOMYNEXT - Sri Lanka's finance ministry will launch a fresh effort to reform state-run SriLankan Airlines, where its continued losses and internal infighting landed the current administration in trouble.

A public private partnership unit at the ministry of finance will take action to restructure the airline, senior advisor to the finance ministry, Mano Tittawella told reporters Friday.

"What we can say is that SriLankan will be operated so that it is no longer a burden to the government," Tittawella said.

Under the watch of the new administration the airline lost 12.08 billion rupees in the year to March 2016.

In the year to March 2017, the airline lost a whopping 28.3 billion rupees taking accumulated losses to 169 billion rupees.