SriLankan Airlines: Can the national carrier be saved?

SriLankan Airlines: Can the national carrier be saved?

Written by Lahiru Fernando

08 Oct, 2017 | 9:51 pm

SriLankan Airlines – Sri Lanka’s loss-making national career has had a rough run recently. Now, a new Cabinet sub-committee and a committee of state officials have been tasked with restructuring the Airlines.

The Cabinet Committee

Head

  • Prime Minister Ranil Wickremesinghe

Members

  • Minister Kabir Hashim
  • Minister Mangala Samaraweera
  • Minister Dr. Sarath Amunugama
  • Minister Nimal Siripala de Silva
  • Minister Malik Samarawickrama

The State Officials Committee

Head

  • H.S. Samaratunga – Secretary to the Ministry of Finance and Mass Media

Members

  • Ravindra Hewawitharana – Secretary to the Ministry of Public Enterprise Development
  • Thilan Wijesinghe – Chairman of the National Agency for Public Private Partnership
  • Ajith Dias – Chairman of Sri Lankan Airlines
  • Mano Tittawella – Senior Advisor to the Ministry of Finance and Mass Media
  • Dr. Roshan Perera – Director of the Central Bank of Sri Lanka & Ministry of Public Enterprise Development

A350-900 aircraft purchase

Yesterday (October 7) we reported how the government is yet to cancel the order on four Airbus A350-900 aircraft.

When inquired by News 1st, a senior government official said it is expecting representatives of Airbus to visit the country to negotiate the contract termination.

SriLankan Airlines made a loss of 14.1 billion rupees in 2016 and has incurred a total loss of 169 billion rupees over the past nine years.

“Priority was given to privatise SriLankan Arilines saying there was a massive debt burden. Now they are trying to sell this off by pumping funds through state banks to artificially sort out the balance sheet.” – Centre for Human Rights & Research.

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