Three bidders for Sri Lanka national carrier shortlisted

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Sat, Jan 21, 2017, 10:46 am SL Time, ColomboPage News Desk, Sri Lanka.Jan 21, Colombo: Sri Lanka has received nine bids from international airlines in response to the call for bids to privatize its loss-making national SriLankan Airlines and out of those three bidders are shortlisted State Enterprise Development Minister Kabir Hashim said.
The three shortlisted bidders out of the initial nine are Texas Pacific Group (TPG), PeaceAir Pvt Ltd and the Maldivian company Super Group Partners.
None of the bidders were from a major international airline operator, the Minister said adding that the government is looking into whether the companies have adequate and reliable funding for the proposals.
Minister Hashim, who is heading a three-member ministerial panel to decide the future of the carrier, said it is imperative to find a bidder soon as the Treasury has said that it will stop funding the loss-making carrier soon.

more/source: http://www.colombopage.com/archive_17A/Jan21_1484975777CH.php
 
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