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Author LBO
Posted on April 27, 2016 | Aviation |
Apr 26, 2016 (LBO) – Sri Lanka’s government has decided to pump 201 million US dollars to restructure and keep the operations of state-owned SriLankan Airlines and Mihin Lanka flying until October this year.
Speaking at a special press briefing Prime Minister Ranil Wickremesinghe said the cabinet has also approved a 70 million US dollars worth government-backed loan facility in this regard.
“We are left with only two alternatives. One is to close down the Airline and other is to provide government funds to keep it,” Prime Minister Ranil Wickremesinghe said.
“We didn’t think about the alternative to close down. Instead we allocate funds to keep the operations until October.”
more/source: http://www.lankabusinessonline.com/govt-pumps-usd201mn-to-keep-srilankan-mihin-flying-until-october/?
Posted on April 27, 2016 | Aviation |
Apr 26, 2016 (LBO) – Sri Lanka’s government has decided to pump 201 million US dollars to restructure and keep the operations of state-owned SriLankan Airlines and Mihin Lanka flying until October this year.
Speaking at a special press briefing Prime Minister Ranil Wickremesinghe said the cabinet has also approved a 70 million US dollars worth government-backed loan facility in this regard.
“We are left with only two alternatives. One is to close down the Airline and other is to provide government funds to keep it,” Prime Minister Ranil Wickremesinghe said.
“We didn’t think about the alternative to close down. Instead we allocate funds to keep the operations until October.”
more/source: http://www.lankabusinessonline.com/govt-pumps-usd201mn-to-keep-srilankan-mihin-flying-until-october/?