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.