New Sri Lanka government to sell national airline

The publish New Sri Lanka executive to promote nationwide airline seemed first on TD (Travel Daily Media) Travel Daily.

The new management plans to privatise Sri Lankan Airlines, Prime Minister Ranil Wickremesinghe mentioned in an cope with to the country. The provider misplaced $124 million within the 12 months finishing March 2021, he mentioned simply days prior to the country is about to officially default on international debt.

“It should not be that this loss has to be borne by the poorest of the poor who have not set foot in an aircraft,” Wickremesinghe mentioned.

Wickremesinghe — not up to every week into the process — mentioned he was once compelled to print cash to pay salaries, which is able to force the country’s foreign money. The country has handiest sooner or later’s inventory of gas and the federal government is operating to acquire bucks within the open marketplace to pay for 3 ships with crude oil and furnace oil which have been anchored in Sri Lankan waters, Wickremesinghe mentioned.

“The next couple of months will be the most difficult ones of our lives,” Wickremesinghe mentioned. “We must immediately establish a national assembly or political body with the participation of all political parties to find solutions for the present crisis.”

In 2010, the federal government in Colombo purchased again a stake in Sri Lankan Airlines from Dubai’s Emirates. The nationwide provider, which has a fleet of 25 Airbus SE planes, flies to locations in Europe, the Middle East in addition to South and Southeast Asia, in keeping with FlightRadar24.

The publish New Sri Lanka executive to promote nationwide airline seemed first on Travel Daily.

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