The Sri Lankan government is actively considering the privatization of SriLankan Airlines (UL) and is in discussions with multiple private entities and airlines.
Sri Lankan Airlines
SriLankan Airlines (UL), poised for privatization and having achieved an operating profit for the first time in 15 years, could become an attractive acquisition target for Gulf-based airlines such as Emirates (EK).
Over 100 flights of Sri Lankan airlines have been refueled by India’s gas and petroleum refineries company, Bharat Petroleum at Indian airports as a help to the country reeling under its worst economic crisis and facing fuel lack.
Sri Lanka’s ongoing fuel crisis resumes wreaking havoc across the country. National carrier SriLankan Airlines and international airlines have made drastic cuts to their schedule due to a shortage of jet fuel. We take a closer look at the situation below.
Jalan Kalrock consortium, the promoters of Jet Airways, have appointed Vipula Gunatilleka as the chief financial officer (CFO) Know more here