Sri Lanka Aviation

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  • ejanson65
    Senior Member
    • Jul 2013
    • 628

    #8911
    Originally posted by Speedbird
    That's bankruptcy then - there are no other options.

    The only thing that changes between now and September is several $Million more in losses.

    The moment the GOSL stops putting money in this is finished.
    Always fly a stable approach - it's the only stability you'll find this business

    Comment

    • ejanson65
      Senior Member
      • Jul 2013
      • 628

      #8912
      http://www.dailymirror.lk/article/MS...es-131283.html

      These are easily obtainable - why the need for a report? Too little to late imho.

      13000pounds - sounds like former CEO Manoj Gunawardene who's been living in London at the expense of the Airline.

      This has been going on for years and now it's suddenly an issue?

      This is all talk - nothing will happen as usual. These people protect each other.
      Always fly a stable approach - it's the only stability you'll find this business

      Comment

      • ejanson65
        Senior Member
        • Jul 2013
        • 628

        #8913
        Originally posted by banuthev
        Why does UL need more long haul aircraft when they want expand regionally? Isn't that bad idea to get expensive aircraft like A330neo.
        If I had to guess - this looks like another 12 year contract at above market rates without a termination clause

        The Airline has to pay no matter what - another Epic Fail and a complete disaster.

        Best thing is to close UL down today imho.
        Always fly a stable approach - it's the only stability you'll find this business

        Comment

        • banuthev
          Administrator
          • Dec 2010
          • 3947

          #8914
          Originally posted by Speedbird
          So that means UL is going to close down on bankruptcy?
          Finding different investor is difficult for SL Gov since the almost all of the aircraft have been leased above the market rates and the airline with huge losses.

          Comment

          • Cayman
            Senior Member
            • Mar 2011
            • 379

            #8915
            Originally posted by banuthev
            So that means UL is going to close down on bankruptcy?
            Finding different investor is difficult for SL Gov since the almost all of the aircraft have been leased above the market rates and the airline with huge losses.
            I think the overriding factor is GOSL's insistence on keeping 51% of the airline, effectively reducing the incoming partner to a minority investor. Basically, GOSL wants some dimwitted billionaire to fund their gravy train for the select few, and maintain the statue quo.

            The problem is that those who have billions to spare are not dumb (at least their financial advisers are not).

            IMO, unless GOSL change the way this divestment is fundamentally structured, there will not be any takers.

            Politicians will continue to throw around airline names claiming to be 'in discussion' with them, but like in the case with EK, these claims are just that; claims without substance.

            Comment

            • Cayman
              Senior Member
              • Mar 2011
              • 379

              #8916
              TATA Group may buy AI.

              But the trick is they are asking for a 51% CONTROLLING stake.

              Hope those who channel public funds to UL are watching this development and (hopefully) learn from it.

              http://www.financialexpress.com/indu...e-base/729082/

              Comment

              • Mach3
                Senior Member
                • Mar 2016
                • 110

                #8917
                Originally posted by Speedbird
                I also heard that the current UL manager had hired more than 1000 employees with the current operational situation, where they have shelved some European routes etc so one can clearly see that there is no growth in the airline and why should they have hired so many employees.
                So the more they operate the worse the situation would become, if there is one way GoSL could do justice for the taxpayer it would be to bow down and declare bankruptcy.

                Comment

                • banuthev
                  Administrator
                  • Dec 2010
                  • 3947

                  #8918
                  Originally posted by Mach3
                  I also heard that the current UL manager had hired more than 1000 employees with the current operational situation, where they have shelved some European routes etc so one can clearly see that there is no growth in the airline and why should they have hired so many employees.
                  So the more they operate the worse the situation would become, if there is one way GoSL could do justice for the taxpayer it would be to bow down and declare bankruptcy.
                  Gents

                  I have come to know now from reliable source nothing like bankruptcy have been confirmed for UL. We better wait for official announcement. Lets not believe the rumours and media news for now.

                  Hope all go well for our loving national carrier.

                  Comment

                  • ejanson65
                    Senior Member
                    • Jul 2013
                    • 628

                    #8919
                    Originally posted by banuthev
                    Gents

                    I have come to know now from reliable source nothing like bankruptcy have been confirmed for UL. We better wait for official announcement. Lets not believe the rumours and media news for now.

                    Hope all go well for our loving national carrier.
                    Out of Ideas
                    Out of Money
                    Out of Time

                    GOSL and their corrupt cronies have succeeded in making it impossible to turn the Airline around. It doesn't matter what you do at this point - it simply won't change things.

                    There is no other option but bankruptcy imho. The Airline is already insolvent (see Weliamuna Report).

                    Having experienced several bankruptcies - it's "Business as usual" right up until the moment the doors close. Employees are normally last to know (they read about in the papers the next day...)
                    Always fly a stable approach - it's the only stability you'll find this business

                    Comment

                    • Speedbird
                      Senior Member
                      • Feb 2012
                      • 616

                      #8920


                      Comment

                      • ejanson65
                        Senior Member
                        • Jul 2013
                        • 628

                        #8921
                        Lol - the "Game of Shape"continues....

                        What is needed is action - not more empty talk and endless meetings!

                        Don't be fooled - these scum are protected at the highest level. There is no other explanation.

                        The current GOSL has had 2.5 years to act and has done absolutely nothing. I'm not aware of any action taken against anyone named in the Weliamuna Report.

                        The corruption and Racketeering continues unabated at UL - the current management and board are just "enablers".

                        These articles make a clear case for shutting this down. Now.
                        Always fly a stable approach - it's the only stability you'll find this business

                        Comment

                        • Srilankan1
                          Senior Member
                          • Dec 2010
                          • 499

                          #8922


                          Can this kind of thing be a solution for Srilankan??

                          Comment

                          • Sandaru
                            Administrator
                            • Oct 2015
                            • 361

                            #8923
                            Originally posted by ULfan79
                            Hope they use 4R-ALS. Its relatively new (~8yrs) among the A332 fleet
                            Looks like 4R-ALS is on it's way to Sri Lanka. Took off from Dusseldorf and at the moment flying over Austria.

                            Comment

                            • banuthev
                              Administrator
                              • Dec 2010
                              • 3947

                              #8924
                              Originally posted by Sandaru
                              Looks like 4R-ALS is on it's way to Sri Lanka. Took off from Dusseldorf and at the moment flying over Austria.
                              Its still under HiFly rego : CS-TFZ and flew from BRU to DUS yesterday. Its currently departed from DUS with the same rego : CS-TFZ and flight number 5K261. It looks like SL registration has not been added to the aircraft yet. Any idea what is the destination of this flight?

                              Comment

                              • nipuna787
                                Member
                                • Mar 2015
                                • 44

                                #8925
                                Originally posted by banuthev
                                Its still under HiFly rego : CS-TFZ and flew from BRU to DUS yesterday. Its currently departed from DUS with the same rego : CS-TFZ and flight number 5K261. It looks like SL registration has not been added to the aircraft yet. Any idea what is the destination of this flight?
                                Seems it's destination was Egypt and it's flying back to DUS or some another destination in Europe. Btw I don't feel good about this deal and this delay of delivering. Something is definitely wrong. Do you guys have any idea what's up with this deal and delay?

                                Comment

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