INSUBCONTINENT EXCLUSIVE:
bids to part-sell and manage the airline that as been suffering accumulated losses over the years.While the airline has reported an
operating profit for the period April 2022 to end March 2023, its accumulated debt is US$1.2 billion
Under the earlier plan, the government was to retain 51 per cent control of the airline while selling off the remaining 49 per cent to
Six parties, some who had no experience in running an airline, responded with an initial call for interest but none was pre-qualified for
He had vowed to stop the sale of state assets which the former regime was pursuing
Dissanayake swiftly dismantled a government unit tasked with the sale of loss-making state agencies including SriLankan Airlines.Ganegoda
said the airline is an important pillar of tourism and responsible for 50 per cent of the tourist traffic into the country
Sri Lanka aims to reach 2.3 million arrivals this year with a target of three million tourists next year and five million by 2030.He said
while the sale of the airline has been stopped, there are plans to restructure the airline under a viable business model
