Sri Lanka Aviation

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  • LukeSkywalker
    Senior Member
    • Feb 2011
    • 188

    #8266
    Originally posted by Cayman
    When UL was run as a business by professional managers it always turned a profit.

    Case in point: When Peter Hill was CEO under the auspices of EK.

    UL managed to remain profitable despite half their fleet been blown up by terrorists. Few months later 9/11 happened and aviation had one of its darkest periods since inception, yet UL prevailed.
    There were some 'creative' account practices IIRC at that time where the insurance payout from the written off aircraft were used in the balances and ultimately showed profitability that year.

    Running up to that UL was actually having a net loss predominantly due to rising fuel costs IIRC.
    Last edited by LukeSkywalker; 14-02-2017, 04:34 AM.

    Comment

    • ejanson65
      Senior Member
      • Jul 2013
      • 628

      #8267


      From the article:-

      Meanwhile the Federal Investigation Agency (FIA) in Lahore is carrying out an investigation into the PIA A330 aircraft deal with SriLankan Airlines, Pakistani media reports revealed.

      The inquiry against the PIA management into charges of corruption was launched as there were allegations of taking massive commissions from the deal, media reports said.
      Looks like PIA is run just like UL - and they're in financial trouble as well! There's a surprise!

      Originally posted by Sandaru
      What i see is, Our state airline had several opportunities and some good advises from personals who had experience in relevant matters, to become a successfully running airline of Asia. But the management/government haven't taken those opportunities and advises and has taken stupid decisions like an adamant child!! And we the people of SL has to bear all cost!!
      UL is not a business of any kind - it is a Racket. Once this is understood the rest falls into place.

      UL exists purely to transfer public money into the pockets of the Racketeers and their cronies. These people are protected by the GOSL.

      Don't kid yourself all your Politicians are involved.

      There may be some (hopefully) who are not actually taking money but they know full well what is going on and do nothing - they're accessories to Corruption and Racketeering- that's your best case scenario!

      Why do you think investigations are dismissed as fabrication or it never goes further than talk?

      It saddens me to see people getting excited about new aircraft orders. These orders have nothing whatsoever to do with the requirements of the Airline and are just another way for the Racketeers to pocket money.

      Ever hear who gets the Commissions? Enough said.

      In addition these new aircraft are leased at above market rates so it becomes impossible to operate them profitably. It just adds to the losses.

      It's the complete and total breakdown of the Rule of Law - very serious stuff.

      The only way to stop the Racketeering at UL is to close it down - the quicker the better imho.
      Always fly a stable approach - it's the only stability you'll find this business

      Comment

      • Speedbird
        Senior Member
        • Feb 2012
        • 616

        #8268
        Originally posted by LukeSkywalker
        There were some 'creative' account practices IIRC at that time where the insurance payout from the written off aircraft were used in the balances and ultimately showed profitability that year.

        Running up to that UL was actually having a net loss predominantly due to rising fuel costs IIRC.
        I heard that rumor as well...insurance money is paid for the bottom line of the company...well I am not a financial expert...but what I know is when insurance pay out comes in; it first goes to settle leasing and financial dues...I seriously doubt that UL did a cash payment for the above mentioned fairly new assets.

        Many inside UL and outside UL was against on EK management and spreading unfounded rumors like above...like they are making money out of GOSL ASAs; ground handling; catering etc...in my opinion that because racketeers could not make any money; EK did an excellent job

        Comment

        • banuthev
          Administrator
          • Dec 2010
          • 3945

          #8269
          2nd A320neo for SriLankan Airlines / MSN7535 in full paint - https://www.flickr.com/photos/146519...3/32899815985/
          Attached Files

          Comment

          • Sandaru
            Administrator
            • Oct 2015
            • 361

            #8270
            Originally posted by banuthev
            2nd A320neo for SriLankan Airlines / MSN7535 in full paint - https://www.flickr.com/photos/146519...3/32899815985/
            Meanwhile the 1st a320Neo performed the Second Flight (Nearly 50 Minutes) on 14th February.

            Comment

            • banuthev
              Administrator
              • Dec 2010
              • 3945

              #8271
              Originally posted by Sandaru
              Meanwhile the 1st a320Neo performed the Second Flight (Nearly 50 Minutes) on 14th February.
              Well captured! How did you find out? I think the final acceptance flight on 19-Feb and delivery flight on 24-Feb. Haleef , please correct me if I am wrong.

              Comment

              • Haleef
                Senior Member
                • Nov 2012
                • 1468

                #8272
                Originally posted by banuthev
                Well captured! How did you find out? I think the final acceptance flight on 19-Feb and delivery flight on 24-Feb. Haleef , please correct me if I am wrong.
                24th it maybe leaving XFW I guess. 27th it's supposed to be landing at Colombo. I will get pictures from XFW during the delivery ceremony. Will share them if I do get them. Hopefully my father will also be going to the delivery ceremony at VCBI, so he will get pictures as well. 4R-ANA is hopefully supposed to come to VCBI via DXB, not via KWT.
                Haleef Ismail
                www.youtube.com/haleef1 | www.instagram.com/cmb_spotter

                Comment

                • banuthev
                  Administrator
                  • Dec 2010
                  • 3945

                  #8273
                  Kuwait Airways is going to increase the Colombo flights from 7 weekly to 10 weekly effective 3 Apr 2017. All KU flights will be operated onboard A330-200. Currently SriLankan operates 7 weekly flights on CMB-KWI-CMB.

                  New Sked (effect 3 Apr 2017)
                  as per 15-Feb-2017
                  KWI-CMB - 16:00 - 00:05 - 357+1
                  KWI-CMB - 17:40 - 01:35 - 1357+1
                  KWI-CMB - 20:35 - 04:30 - 246+1

                  CMB-KWI - 01:25 - 04:20 - 146
                  CMB-KWI - 02:50 - 06:05 - 1246
                  CMB-KWI - 05:45 - 08:40 - 357


                  Kuwait Airways have changed the flight timings for Summer 2017. Above flight timings have been cancelled. New Timings are below.

                  New Sked (effect 03 Apr 2017)
                  as per 19-Feb-2017

                  KWI-CMB - 01:55 - 10:00 - 12356 - A332
                  KWI-CMB - 16:00 - 00:05+1 - 23567 - A332

                  CMB-KWI - 11:20 - 14:15 - 12356 - A332
                  CMB-KWI - 01:25 - 04:20 - 13467 - A332

                  Comment

                  • csilva_lk
                    Junior Member
                    • Aug 2011
                    • 17

                    #8274
                    I saw a Indigo aircraft parked at BIA today (16feb17).
                    Does anyone know if this was a charter? As far as I know they are not flying to CMB

                    Comment

                    • LukeSkywalker
                      Senior Member
                      • Feb 2011
                      • 188

                      #8275
                      Originally posted by csilva_lk
                      I saw a Indigo aircraft parked at BIA today (16feb17).
                      Does anyone know if this was a charter? As far as I know they are not flying to CMB
                      I believe Indigo has an MRO agreement with UL and maintenance and checks are done in CMB?

                      Comment

                      • ejanson65
                        Senior Member
                        • Jul 2013
                        • 628

                        #8276
                        http://www.dailymirror.lk/article/Pe...JO-123930.html

                        Gets more bizarre every day....

                        Epic Fail!
                        Always fly a stable approach - it's the only stability you'll find this business

                        Comment

                        • Max
                          Senior Member
                          • Apr 2011
                          • 919

                          #8277
                          Originally posted by ejanson65
                          http://www.dailymirror.lk/article/Pe...JO-123930.html

                          Gets more bizarre every day....

                          Epic Fail!

                          Comment

                          • LankaFlyer
                            Junior Member
                            • Mar 2015
                            • 25

                            #8278
                            Originally posted by csilva_lk
                            I saw a Indigo aircraft parked at BIA today (16feb17).
                            Does anyone know if this was a charter? As far as I know they are not flying to CMB

                            Came for maintenance from BLR with 2Flight crew ,1cabin crew and 2 Engineer

                            Comment

                            • CSButterflyeffect
                              Junior Member
                              • Feb 2017
                              • 16

                              #8279
                              Originally posted by csilva_lk
                              I saw a Indigo aircraft parked at BIA today (16feb17).
                              Does anyone know if this was a charter? As far as I know they are not flying to CMB
                              UL is handling all the C Checks for indigo.

                              Comment

                              • CSButterflyeffect
                                Junior Member
                                • Feb 2017
                                • 16

                                #8280
                                1st A320 Neo will arrive to CMB on 26th Feb.

                                Comment

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