News
Sri Lanka government reverses decision to privatise flag carrier
July 8th 2024
Sri Lanka minister for ports, shipping and aviation, Nimal Siripala de Silva, said late last week the government had dropped plans to privatise SriLankan Airlines because of limited international investor interest in the airline. Read More » Instead, the government will focus on restructuring the airline, de Silva said at a media briefing. The government received six expressions of interest to purchase the airline and found none suitable, de Silva said. He emphasised only 49% of SriLankan Airlines can be sold to outside parties. In April, the government said AirAsia Consulting Sdn. Bhd., Dharshaan Elite Investment Holding (Pvt) Ltd, FITS Aviation (Private) Limited, Hayleys PLC, Sherisha Technologies Private Limited and Treasure Republic Guardians Limited had responded to a Request for Qualification (RfQ) from the Ministry of Finance's State-Owned Enterprise Restructuring Unit.
