The Sri Lankan government has reversed the previous administration’s decision to privatize Sri Lankan Airlines.
SriLankan Airlines Emirates
This week, the Cabinet of Ministers has announced a major advancement in the privatization of Sri Lankan Airlines (UL), narrowing the field of potential acquirers from six to three prominent contenders.
The Sri Lankan government is actively considering the privatization of SriLankan Airlines (UL) and is in discussions with multiple private entities and 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).