Peter Hill to advise Sri Lanka’s loss-making state airline
COLOMBO (EconomyNext) – Former chief executive of state-owned SriLankan Airlines who ran the airline profitably when it was under Dubai’s Emirates has been retained by as a consultant by Sri Lanka’s new administration.
Hill was sacked and his visa cancelled by the Rajapaksa administration reportedly when he refused offload large numbers paying passengers with confirmed tickets, and instead offered seats for part of a presidential delegation on a later flight.
Emirates’ management deal was not renewed and its shares were bought by with people’s money by the Rajapaksa administration.
The airline has since made about 110 billion rupees of losses, and 500 million US dollars of tax payer money was committed as a capital injection.