Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* President to appoint a committee to restructure SriLankan airlines
Sat, Jan 5, 2019, 12:51 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 05, Colombo: President Maithripala Sirisena will appoint a committee on next Monday to resolve the problems in the SriLankan Airlines and to obtain ideas and suggestions to make recommendations on restructuring the national carrier, the Presidential Media Unit said.

All stakeholders would get an opportunity to submit their proposals and views in relation to the development of SriLankan airlines, it said.

The President has decided to appoint a committee consisting of five members, and they are expected to submit their recommendations within two weeks. The recommendations made by the committee will be considered to take decisions regarding the future of the airline.

The President has said this during a discussion held yesterday (04) at the Presidential Secretariat on the current situation of the airlines.

The President also instructed the officials to immediately implement the necessary arrangements for a systematic reorganization of SriLankan Airlines.

The members of the Board of Directors pointed out that they have taken preliminary steps to minimize losses and to make the airline profitable in future and extensively discussed the reasons for the continued losses in the past few years and the challenges and current affairs of the institution.

Attention was also focused on the unprofitable contracts signed by the SriLankan Airlines and the effect of increase in oil prices, the depreciation of the rupee and the lack of technical and infrastructure facilities on the performance.

The Presidential Commission appointed by the President to look into irregularities that have taken place in SriLankan Airlines is underway.

Ministers Mangala Samaraweera, Harsha de Silva, Eran Wickramaratne, President's Secretary Udaya R Seneviratne, Secretary to the Ministry of Finance, Dr. RHS Samaratunga, Central Bank Governor Dr. Indrajit Coomaraswamy, Heads of state banks, SriLankan Airlines Chief Executive Officer Vipula Goonetilleke, members of the Board of Directors and trade union representatives were present at the discussion.


ColomboPage - Recent 10 Stories ::
Many projects implemented under guidance of Plantation Minister to boost rubber industry
-- [4 hours ago]
Sri Lanka PM says unity government spent over Rs. 1.3 trillion to improve education and health
-- [5 hours ago]
UNDP hosts dialogue on Youth Leadership, Innovation and Entrepreneurship in Sri Lanka next week
-- [6 hours ago]
First Sri Lankan women graduate from Army School of Ceremonial in UK
-- [7 hours ago]
Sri Lanka to receive $1 billion Bank of China loan this quarter - report
-- [7 hours ago]
Human Rights Watch says Sri Lanka's political crisis threatens justice efforts
-- [8 hours ago]
Germany authorities arrest suspect in the assassination of Sri Lanka Foreign Minister in 2005
-- [8 hours ago]
Sri Lanka President signs three loan agreements totaling $ 455 mn with ADB
-- [8 hours ago]
President appoints Commission to probe corruption and malpractice during unity government
Health Ministry bans handling prepared foods by hand

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.