Lankapage Logo Recent Top Stories
CP 16 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lankan government to merge SriLankan and Mihin to cut losses, increase productivity
Thu, Jan 29, 2015, 10:52 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 29, Colombo: The Sri Lankan government plans to merge the country's two loss-making airlines to cut losses and increase productivity.

The government in its interim budget presented to parliament today has proposed to merge the flag carrier SriLankan Airlines with the budget carrier Mihin Lanka.

The two airlines will be merged to increase productivity, Finance Minister Ravi Karunanayaka said presenting the interim budget Thursday.

Over the past five years losses incurred by the SriLankan Airlines amounts to Rs. 100 billion while Mihin Airlines during that period lost Rs. 15 billion, according to the government.

ColomboPage - Recent 10 Stories
Sri Lanka Defense Secretary says law will be enforced against military personnel involved in crimes
-- [3 minutes ago]
Sri Lanka President takes a new approach to combat illegal drug smuggling
-- [1 hour and 18 minutes ago]
Sri Lanka nationwide inflation declines to 0.4 percent in December 2018
-- [2 hours ago]
Sri Lanka's JLanka to invest $10m in Bahrain renewable energy sector
-- [2 hours ago]
India assists in building modern infrastructure for Swami Vipulanada Institute of Aesthetic Studies at Sri Lanka's Eastern University
-- [2 hours ago]
Court lifts overseas travel ban imposed on Avant Garde suspects
-- [8 hours ago]
HRCSL requests allocation of funds in budget to make state buildings accessible to disabled
-- [9 hours ago]
National Savings Bank employees to launch strike
Police arrest 12 students of Wayamba University for assault on freshmen
Fitch Affirms SriLankan Airlines' Government Guaranteed Bonds at 'B'

Copyright © 2000, 2015 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.