South Asia

Lanka to privatise national carrier

Sri Lanka on Monday said it’ll privatise the country’s loss-making national carrier as the cash-strapped government “can no longer afford to inject money” into running the airline. The government is looking to sell a 49% stake each of the Sri Lankan Airlines‘ catering and ground-handling units in efforts to restructure the state-run carrier, while 51% will be retained under state hold, aviation minister Nimal Siripala de Silva said.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *