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+A+6+billion+rupee+loss+incurred+by+Sri+Lankan+Airlines+-+New+investor+company+also+withdraws
Sunday, 07 May 2017 - 18:43
A 6 billion rupee loss incurred by Sri Lankan Airlines - New investor company also withdraws
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Sri Lankan Airlines has recorded a loss of 6.49 billion rupees for the past year.

This is an increase from the 2.9 billion rupee loss recorded in the previous year.

During the last quarter of the financial year, the airline’s performance was adversely affected due to the runway re-surfacing project at Colombo’s Bandaranaike International Airport.

Over 600 flights were cancelled during this period.  

Meanwhile, the private company selected as the new investment partner of Sri Lankan airlines, has decided to withdraw.

The Texas pacific group which is a private company has decided to withdraw from the public- private partnership which was agreed upon initially.

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