Sri Lanka launches back-up plan to seek partner for state airline

ECONOMYNEXT – Sri Lanka has appointed a three-member ministerial committee to seek a partner for state-run SriLankan Airlines if the three shortlisted contenders are not found suitable, a senior minister said.

State Enterprises Minister Kabir Hashim said he will chair the committee, which will include ministers Sarath Amunugama and Malik Samarawickrema.

The financial advisors to the current restructuring process have already submitted a report to Prime Minister Ranil Wickremasinghe, Hashim said.

If a decision is made not to go ahead with the current contenders, the ministerial committee will start another process to seek a partner.

TPG, a US investment firm, Peace Air and a Maldives-based consortium have been shortlisted out of about eight parties that responded to an expression of interest.

However, no airline is directly involved in the deal. (Colombo/Jan20/2016)

Latest Comments

Your email address will not be published. Required fields are marked *