COLOMBO (News 1st); SriLankan Airlines recorded a loss of Rs. 45,674 Million in 2021, revealed the latest report by the Committee on Public Enterprises.

It also revealed that while the national carrier was recording losses, a top management official was taking home a salary of Rs. 3.1 Million a month.

COPE had noted that the respective payments have been made via Cabinet Documents and Public Funds.

COPE believes that SriLankan Airlines could have prevented its losses if the additional capital injection by the Treasury in 2020 was properly executed.

Further, COPE had raised concerns over continuing to invest public funds in a loss-making national airline that continues to operate on impractical plans.

• Parliament to consider amending Penal Code provisions often used against LGBTQ community
• President hints at declaring schools as an essential service
• LG Election 2023: Postal Voting further delayed
• SriLankan, SLT, Litro Gas, SLIC among SOEs to undergo divestment process – Finance Ministry
• FINANCIAL FIREFIGHTING: THE IMF BAILOUT AND ITS CONDITIONS