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  • #6991
    Originally posted by ejanson65 View Post
    Wishful thinking I'm afraid - makes no sense. There is zero benefit for Qatar - why would they spend several Billion and end up with an Airline that cannot make money and is riddled with corruption and incompetence from top to bottom.
    Agree with you on this. IMHO if at all QR puts money in, it will be in a new debt free joint venture airline, not the current UL company which is saddled with debt. Wonder what would happen if the government offered two or 3 airline licences without foreign ownership restrictions.

    Originally posted by LukeSkywalker View Post

    I am not familiar if any Chinese airline have any significant stake or investment on foreign airlines or their track record in airline investments\partnerships unless someone in the forum is familiar?
    Think HNA might own a few foreign airlines?

    Comment

    • #6992
      Originally posted by lordvader View Post
      Think HNA might own a few foreign airlines?
      They do have stakes in a few airlines outside Asia.

      As LukeSkywalker suggested, China is a possibility since they already have money invested in the country.

      Comment

      • #6993
        Hi guys,

        Who knows the current status of 4R-ADF? It has been withdrawn from use for 3 Months now!

        Comment

        • #6994
          Originally posted by Sandaru View Post
          Hi guys,

          Who knows the current status of 4R-ADF? It has been withdrawn from use for 3 Months now!
          airfleets.net says it's stored but it does not state where.

          Comment

          • #6995
            Originally posted by LukeSkywalker View Post
            The best option at the moment IMHO is UL given as equity to the Chinese (provided they want to touch it) to try and turn around. Currently the government is desperate with the financial crunch and wants to offer Chinese firms equities in state enterprises according to http://www.news.com.au/finance/busin...414cbdede120da.

            I am not familiar if any Chinese airline have any significant stake or investment on foreign airlines or their track record in airline investments\partnerships unless someone in the forum is familiar?

            This would be the ideal opportunity to at least turn around some troublesome state enterprises; any successive SL government is not going to make any difference.
            The GOSL owes $8 Billion (8,000,000,000) to China with no way to pay this money back. They are frantically trying to re-negotiate. Good luck with that!

            I doubt the Chinese will touch Sri Lanka with a 10 foot pole after they get burned on these loans.

            When someone invests in something they expect a return on their investment.

            With UL you have:-

            At least $1 Billion of debt
            At least another $1.5 Billion of future liabilities.
            At least $100 million/year just to keep operating.

            How will you ever see a return on any investment? Especially with the culture of impunity and zero accountability where everyone is trying to siphon off as much money as possible for themselves, their family members and their cronies.

            How appropriate - perfect timing! This article illustrates the scale of the problem.

            Over US $ 19,000 Million Pilfered Out Of Sri Lanka In 10 Years - Colombo Telegraph
            https://www.colombotelegraph.com/index.php/over-us-19000-million-pilfered-out-of-sri-lanka-in-10-years/
            […]


            It is virtually impossible to do legitimate business in Sri Lanka.

            Sorry - but this is more wishful thinking imho. Not going to happen.
            Always fly a stable approach - it's the only stability you'll find this business

            Comment

            • #6996
              A more detailed article on the wonderful company "culture" that exists at both UL and MJ.....

              http://www.thesundayleader.lk/2016/04/10/how-civil-aviation-may-have-landed-itself-in-big-trouble/


              Nimalsiri said that according to the ‘Alternate Method’
              Never heard of this and I have global ETOPS experience. If MJ dispatched aircraft illegally under ETOPS regulations then both they and the CAA are in a lot of trouble.

              ICAO may decide to act after all.
              Always fly a stable approach - it's the only stability you'll find this business

              Comment

              • #6997
                Meanwhile, with revelations as to how Director General CAASL, Director Flight Safety CAASL and Director Operations CAASL authorised a proposal for an ‘Alternate Method’ submitted by Manager Flight and Ground Safety Mihin Lanka/ SriLankan Airlines Captain Keminda Yahampath to fly Mihin Lanka flights even when bad weather conditions are forecast
                Nice to see that not only are they stealing/misusing tax payers money, they are actually putting peoples lives in danger.

                Comment

                • #6998


                  VIDEO First SriLankan Airlines Airbus A350-941XWB (4R- ) - cn 052
                  https://youtu.be/7Ih_ssfv16M



                  Picture Courtesy
                  Airbus A350 XWB fanpage

                  Comment

                  • #6999

                    VIDEO First SriLankan Airlines Airbus A350-941XWB (4R- ) - cn 052
                    https://youtu.be/7Ih_ssfv16M



                    Picture Courtesy
                    Airbus A350 XWB fanpage
                    Sandru, Thanking you so much !! I was waiting for the picture for a long time. Any idea where it's being towed to?

                    Looking forward to see what's going to happen to UL, UL Management and UL A350s? I wish they shut the MJ asap and gov focus on one airline UL. UL has to be closed and reopened as a new airline. Management of UL should be done by the overseas airline. None of gov appointed cronies should be with UL anymore.

                    Comment

                    • #7000
                      Originally posted by Sandaru View Post
                      Hi guys,

                      Who knows the current status of 4R-ADF? It has been withdrawn from use for 3 Months now!
                      I remember ADF was flying test flight over CMB last month.

                      Comment

                      • #7001
                        Originally posted by banuthev View Post
                        Sandru, Thanking you so much !! I was waiting for the picture for a long time. Any idea where it's being towed to?

                        Looking forward to see what's going to happen to UL, UL Management and UL A350s? I wish they shut the MJ asap and gov focus on one airline UL. UL has to be closed and reopened as a new airline. Management of UL should be done by the overseas airline. None of gov appointed cronies should be with UL anymore.
                        SriLankan Airlines Airbus A350-941 cn 052 F-WZFA // 4R-??? Taken on April 12, 2016

                        SriLankan Airlines Airbus A350-941 cn 052 F-WZFA // 4R-???

                        Source : Clément Alloing

                        Comment

                        • #7002
                          Originally posted by AF777 View Post
                          SriLankan Airlines Airbus A350-941 cn 052 F-WZFA // 4R-??? Taken on April 12, 2016

                          SriLankan Airlines Airbus A350-941 cn 052 F-WZFA // 4R-???

                          Source : Clément Alloing
                          Nice picture! F-WZFA will be sub-leased from SriLankan (UL) to Turkish Airlines (TK). Sad to see that we will not be getting to fly in it. 70% chance of SriLankan not getting it.
                          Haleef Ismail
                          www.youtube.com/haleef1 | www.instagram.com/cmb_spotter

                          Comment

                          • #7003
                            Originally posted by Haleef View Post
                            Nice picture! F-WZFA will be sub-leased from SriLankan (UL) to Turkish Airlines (TK). Sad to see that we will not be getting to fly in it. 70% chance of SriLankan not getting it.
                            That's sad to hear; but makes sense I guess. Do you know if the other 2 are also going to TK?

                            Also do you know if that means the A332 retirements are on hold for now?

                            Comment

                            • #7004
                              Do you know if the other 2 are also going to TK?
                              Definitely. If TK is going to lease the A350s it will be all three of them. It wont make sense for them to operate one example of any aircraft. I'm surprised about this news though because I did not see it mentioned elsewhere. Maybe it isn't finalized yet?

                              Comment

                              • #7005
                                Originally posted by TheF15Ace View Post
                                Definitely. If TK is going to lease the A350s it will be all three of them. It wont make sense for them to operate one example of any aircraft. I'm surprised about this news though because I did not see it mentioned elsewhere. Maybe it isn't finalized yet?
                                Someone in the forum mentioned that UL has sent personal to Airbus for A350 type training. I wonder how that works out now.

                                Will UL still have some technicians and crew trained for the eventuality of the aircraft being returned ? It makes it weird that there will be no one type trained on an aircraft that the entity is leasing out.

                                Comment

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