Restructuring+of+Sri+Lankan+Airlines+to+be+expedited
Wednesday, 08 May 2019 - 14:36
Restructuring of Sri Lankan Airlines to be expedited
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Cabinet approval has been granted to expedite implementing recommendations submitted by the experts' committee appointed to restructure Sri Lankan Airlines.

Many including financial restructuring, institutional restructuring and guaranteeing an independent procurement procedure for Sri Lankan Airlines are among the recommendations made.

Approval was granted by the Cabinet to sign a Memorandum of Understanding with the State of Bahrain to release diplomatic, special and duty foreign passport holders from having to obtain visas.

This proposal was submitted by the Minister of Internal and Home Affairs.

Meanwhile, the Cabinet Paper to purchase 272, 50-seater buses for the Sri Lanka Transport Board was also granted approval by the Cabinet.

In addition Cabinet approved the purchase of 53 luxury 33-seater buses as well.

These buses will be imported at a cost of Rs. 444 million.
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