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  • Originally posted by Speedbird View Post
    This is the same guy who was having spitting competition with current CEO in DM. He assumes that profit can be made on A350s...if loses are made on FRA on lower lease cost of A332s I am not sure how you can make profit on A350s (where leases signed by previous management is far higher than market value)

    He also assume that Oil prices are low...Today it is 3 year high...WTI trading at $63 and Brent trading at $69.

    Problem with UL is the number 7000 and accumulated loses.

    opinion is not more than politically motivated write up.
    Agree with you 100%.

    Comment


    • Originally posted by Speedbird View Post
      This is the same guy who was having spitting competition with current CEO in DM. He assumes that profit can be made on A350s...if loses are made on FRA on lower lease cost of A332s I am not sure how you can make profit on A350s (where leases signed by previous management is far higher than market value)

      He also assume that Oil prices are low...Today it is 3 year high...WTI trading at $63 and Brent trading at $69.

      Problem with UL is the number 7000 and accumulated loses.

      opinion is not more than politically motivated write up.
      Dailymirror.lk– Sri Lanka 24 Hours Online Breaking News: News, Politics, Video, Finance, Business, Sports, Entertainment, Travel,breaking news, political news

      Comment


      • The only first correct decision said by Mr.Dias being the chairman as of now.
        Haleef Ismail
        www.youtube.com/haleef1 | www.instagram.com/cmb_spotter

        Comment


        • Originally posted by Speedbird View Post

          Problem with UL is the number 7000 and accumulated loses.
          Don't forget:-

          The impossiblity to make money operationally due to the high leasing costs.

          Forward liabilities of at least $2 Billion (losses over the remaining terms of the leases + 4 A350 that still need to be paid for).

          Not sure why this "re-structuring" keeps coming up - they've already tried to change the terms of the leases and cancel the 4 remaining A350. I imagine those were very short meetings!
          Always fly a stable approach - it's the only stability you'll find this business

          Comment


          • Originally posted by ejanson65 View Post
            Don't forget:-

            The impossiblity to make money operationally due to the high leasing costs.

            Forward liabilities of at least $2 Billion (losses over the remaining terms of the leases + 4 A350 that still need to be paid for).

            Not sure why this "re-structuring" keeps coming up - they've already tried to change the terms of the leases and cancel the 4 remaining A350. I imagine those were very short meetings!
            Those remaining A350s due to come in 2020 are cancelled or are to be cancelled or will UL take them?
            Haleef Ismail
            www.youtube.com/haleef1 | www.instagram.com/cmb_spotter

            Comment


            • does anyone know why 4R-ALP is inactive since the 8th of Jan?

              Comment


              • Sri Lanka's national air carrier SriLankan Airlines is going to increase the frequency of flights to South Indian City Hyderabad with Daily Service, from 25th March 2018.

                Hyderabad is the capital of Telangana in Southern India, located on the banks of the Musi River and on the Deccan Plateau. Hyderabad and Secunderabad are "twin cities" near Hussain Sagar Lake.

                However, SriLankan Airlines is doing a reduction in the frequency of flights to other destinations. Kunming is going to be terminated, Flights to Gan and Seychelles are going to be reduced from four flights a week to three flights a week from early March 2018.

                In Summer 2018, SriLankan continuing to operate Single Daily flights to Abu Dhabi, Bahrain, Dhaka, Guangzhou, Jakarta, Jeddah, Karachi, Kuwait, London, Madurai, Melbourne, Muscat, Riyadh, and Trivandrum. Chennai is handling most of the SriLankan Airlines flights after SriLankan's hub Colombo as SriLankan is operating five daily flights to Chennai. SriLankan Airlines is flying 27 flights to Male', Three Daily flights to both Bankok and Singapore, Double Daily flights to Bengaluru, Delhi, Kuala Lumpur, Mumbai, and Trichy. SriLankan Airlines is flying Kochi with 13 flights per week, Doha & Dubai with 11 flights per week, Hong Kong with five flights per week, Beijing, Coimbatore, Dammam, Shanghai, Tokyo, and Visakhapatnam with four flights per week, Kolkata, and Lahore with three flights per week.

                As of Jan 2018, SriLankan Airlines is operating aircraft fleet consists of two A320neo's, six A320ceo's, three A321ceo's, three A321neo's, six of A330-243s and seven A330-343s. The airline is due to take another A321neo in next couple of months.

                Comment


                • Originally posted by Haleef View Post
                  Those remaining A350s due to come in 2020 are cancelled or are to be cancelled or will UL take them?
                  The press keeps getting this wrong:-

                  1 order for 4 A350 via Aercap. Order cancelled and 3 out of 4 built. These aircraft are parked in Toulouse.

                  1 order for 4 A350 directly from airbus. This is still pending (U$ 800 million still to be paid). Unclear how much has already been paid.

                  Attempts have been made to cancel/change this order - no results. The only thing that makes sense is that this order once again has no termination clause.

                  What is needed are arrests - not another Commission!

                  There have to be signed documents at the UL office with names on them - good place to start!
                  Always fly a stable approach - it's the only stability you'll find this business

                  Comment


                  • Govt. calls for EOIs to operate domestic flights

                    The Government yesterday called for Expressions of Interest (EOI) from local and international business enterprises to operate scheduled domestic flights to key tourism destinations in the country. Govt. calls... The National Agency for Public-Private Partnership, the Finance and Mass Media Ministry and the Transport and Civil Aviation Ministry have published a request for EOIs from interested par ..

                    Comment


                    • Originally posted by ejanson65 View Post
                      The press keeps getting this wrong:-

                      1 order for 4 A350 via Aercap. Order cancelled and 3 out of 4 built. These aircraft are parked in Toulouse.

                      1 order for 4 A350 directly from airbus. This is still pending (U$ 800 million still to be paid). Unclear how much has already been paid.

                      Attempts have been made to cancel/change this order - no results. The only thing that makes sense is that this order once again has no termination clause.

                      What is needed are arrests - not another Commission!

                      There have to be signed documents at the UL office with names on them - good place to start!
                      Wow. I hope something good happens, or else UL will fall back to square one paying more and more money.
                      Haleef Ismail
                      www.youtube.com/haleef1 | www.instagram.com/cmb_spotter

                      Comment


                      • Originally posted by Serendib View Post
                        Govt. calls for EOIs to operate domestic flights

                        http://www.ft.lk/front-page/Govt--ca...ghts/44-647054
                        Which airlines are operating scheduled flights to Jaffna & Trincomalee from Colombo? Where does FitsAir operating its 12 seater Cessna Caravan-208B (4R-EXL) ?

                        Comment


                        • Can you believe this?

                          The license of the helicopter pilot who had lost the way to the runway of the Palali Airport with Minister Mahinda Amaraweera onboard has been suspended.
                          It was found that the pilot had lost his way and was heading towards Thalai Mannar.

                          http://www.hirunews.lk/181087/midair...ter-amaraweera

                          Comment


                          • Originally posted by banuthev View Post
                            Which airlines are operating scheduled flights to Jaffna & Trincomalee from Colombo? Where does FitsAir operating its 12 seater Cessna Caravan-208B (4R-EXL) ?
                            It's in Indonesia flying for Aviasindo Perkasa as PK-ICF. It still has FitsAir's words "friend in the skies".
                            Haleef Ismail
                            www.youtube.com/haleef1 | www.instagram.com/cmb_spotter

                            Comment


                            • Originally posted by 4R-ALA View Post
                              does anyone know why 4R-ALP is inactive since the 8th of Jan?
                              4R-ALP is back in service flying to LHR today as UL 503

                              Comment

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