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* 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.

 

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