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  • SriLankan Airlines (UL, Colombo International) may finally have found a strategic partner in the form of a Japanese consortium made up of ANA - All Nippon Airways (NH, Tokyo Haneda) and JAL - Japan Airlines (JL, Tokyo Haneda), the Asia Mirror reports. Citing informed government sources, the news site says that the Japanese carriers are working with local business tycoon Harry Jayawardena and are in the lead to secure the deal. The government has been searching for strategic investors to buy into the troubled airline for some time. A recent tender managed to attract significant interest from investors around the world only for the preferred bidder, US-based investment firm Texas Pacific Group (TPG), to withdraw citing the airline's difficult financial position. Whether or not the Japanese investment goes ahead, the Sri Lankan government has committed to a restructuring plan. Public Enterprise Development Minister, Kabir Hashim, told the Mirror Business that a committee will need to provide the Prime Minister with an internal restructuring plan. "What we are basically asking the board to do is to let us know how we are going to cut losses, how we're going to rationalize the fleet, and how we're going to reconfigure aircraft," he said. SriLankan's operational losses widened to LKR28.14 billion (USD183.5 million) in 2016 from LKR12.62 billion (USD82 million) in 2015 although this has been attributed to its absorption of loss-making low-fare airline, Mihin Lanka (Colombo International). SriLankan's operational losses for the first four months of 2017 are said to stand at LKR9.52 billion (USD62 million).


    SriLankan Airlines (UL, Colombo Int'l) may finally have found a strategic partner in the form of a Japanese consortium made up of ANA - All Nippon Airways (NH, Tokyo Haneda) and JAL - Japan Airlines (JL, Tokyo Haneda), the Asia Mirror reports. Citing informed government sources, the news site says that the Japanese carriers are working with local business tycoon Harry Jayawardena and are in the lead to secure the deal.

    Comment


    • Originally posted by Serendib View Post
      https://www.ch-aviation.com/portal/n...e-in-srilankan

      SriLankan Airlines (UL, Colombo Int'l) may finally have found a strategic partner in the form of a Japanese consortium made up of ANA - All Nippon Airways (NH, Tokyo Haneda) and JAL - Japan Airlines (JL, Tokyo Haneda), the Asia Mirror reports. Citing informed government sources, the news site says that the Japanese carriers are working with local business tycoon Harry Jayawardena and are in the lead to secure the deal.
      Even if this is correct this will last until Due Diligence is carried out.

      Then they will discover the several Billion in forward liabilities due to the 12 year aircraft leases at above market rates with no termination clause. This also makes it impossible to make money - despite what the Rogue CEO now claims.

      Why do people think TPG walked away?
      Always fly a stable approach - it's the only stability you'll find this business

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      • SriLankan Airlines climbs to 8th place globally for airline fuel efficiency

        SriLankan Airlines has climbed to eighth position globally in IATA fuel efficiency ranking amongst 51 airlines in the same business model, following the implementation of a wide range of fuel efficiency and conservation measures over the last 22 months to reduce fuel burn.

        The 2016 ranking of airlines by the International Air Transport Association (IATA) has placed SriLankan eighth with an efficiency rating of 34.86Ltr/100RTK (liters per 100 revenue ton kilometers). The IATA benchmark for the year 2016 is 35.26Ltr/100RTK. This is a significant improvement over its performance in calendar year 2015 when it ranked 15th with a rating of 36.25Ltr/100RTK.

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        • SriLankan Airlines at the launch of winter 2017/18 season plans to introduce A321neo service on Colombo – Dammam route, operating on 1 of 4 weekly flights. From 04NOV17, the A321neo will operate on Saturdays, instead of A330-200 aircraft.

          UL263 CMB1835 – 2125DMM 32B 6
          UL263 CMB1835 – 2125DMM 332 247

          UL264 DMM2235 – 0600+1CMB 32B 6
          UL264 DMM2235 – 0600+1CMB 332 247

          Source: airlineroute

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          • SriLankan Connects Most Destinations In India

            SriLankan Airlines which launched Vizag, Hyderabad and Coimbatore this month is all set to tap the growing potential of Indian aviation market. With the recently launched routes as well as the seasonal flights to Gaya and Varanasi which will resume in August, SriLankan is all set to operate 126 flights a week to 14 destinations in India serving more Indian points than any other international airline.

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            • any idea when 4R-AND will be delivered ??

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              • SriLankan Airlines, the national flag carrier of SriLanka is trying to redefine the airline services with new routes and aircraft. The Chairman of SriLankan ...


                Published on 11 Aug 2017·SriLankan Airlines, the national flag carrier of SriLanka is trying to redefine the airline services with new routes and aircraft. The Chairman of SriLankan Airlines, Ajith Dias speaks to MIG TV in an exclusive interview on how the airline is maintaining its lead in the Indian sky as well as exploring new markets. With a focus on maintaining the increasing number of tourists from India, SriLankan Airlines is now lending a hand to Sri Lanka Tourism in promoting the island country as an emerging destination.

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                • Here's another analysis - much better than all the recent propaganda.

                  Dailymirror.lk– Sri Lanka 24 Hours Online Breaking News: News, Politics, Video, Finance, Business, Sports, Entertainment, Travel,breaking news, political news
                  Always fly a stable approach - it's the only stability you'll find this business

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                  • Emirates A380 landing tomorrow at BIA’s Code E runway

                    Big day tomorrow in BIA history Lets hope it all goes smoothly...

                    http://www.sundaytimes.lk/170813/new...ay-254495.html

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                    • Originally posted by ejanson65 View Post
                      Here's another analysis - much better than all the recent propaganda.

                      http://www.dailymirror.lk/article/Cu...es-133538.html
                      ROFL. Daily mirror- the most reliable news source these days in Srilanka.

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                      • Originally posted by ULfan79 View Post
                        Big day tomorrow in BIA history Lets hope it all goes smoothly...

                        http://www.sundaytimes.lk/170813/new...ay-254495.html
                        This reads that Emirates eyeing to launch regular service of A380 from Dubai to Australia VIA COLOMBO

                        this means, one is coming on 14th is not actually ONE-OFF hahhh

                        Lets keep fingers crossed...

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                        • EK654 on its way

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                          • 4R-MRD & MRE will be leaving the fleet soon. Info was given by an engineer..
                            Haleef Ismail
                            www.youtube.com/haleef1 | www.instagram.com/cmb_spotter

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                            • any idea why A333 (4R-ALO) is inactive since 10 aug ??

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                              • Originally posted by mohamed_naqeeb View Post
                                It's A6-EUB that's coming.

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