Originally posted by MAW2000
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ch_aviation reports June 30th 2024 as deadline to finalize privatization of UL;
The head of Sri Lanka's State-Owned Enterprises Restructuring Unit has said that the privatisation of loss-making carrier SriLankan Airlines (UL, Colombo International) should be finalised by June 30, 2024. Suresh Shah also told Colombo-based media last week that the airline's transaction advisor, the International Finance Corporation (IFC), should come up with its proposal by the end of this year. Sri Lankan Airlines is one of 85 state-run enterprises Shah's agency has recommended the government wholly or partially privatise. More than one hundred other companies will undergo restructuring but remain in government hands. ch-aviation recently reported that the government was in talks with several potential investors, including Emirates (EK, Dubai International), the Adani Group, and Tata Sons. Emirates previously owned a 43.63% stake in SriLankan Airlines and managed the carrier's day-to-day operations but divested in 2010. Since then, on-again-off-again efforts to find a new investor have failed. In June, SriLankan CEO Richard Nuttall told ch-aviation that the immediate priority was to restructure the airline's balance sheet given the high cost of servicing its debt, and then move to sell the carrier. In the 12 months to March 31, 2023, SriLankan posted a loss of LKR75.03 billion Sri Lankan rupees (USD232 million) on revenues of LKR365.17 billion (USD1.13 billion). Its profit and loss statement reveals it spent LKR49.1 billion (USD152.2 million) on financing costs. Sri Lanka's depreciating rupee cost the carrier another LKR26.7 billion (USD82.9 million). Ahead of any privatisation, SriLankan Airlines continues to experience reliability issues, with local media reports criticising it for its high cancellation rate, ostensibly due to the large number of grounded aircraft. According to ch-aviation fleets advanced data, four of its 24 aircraft are out of service, including one A320-200N, two A321-200Ns, and one A330-200. Nuttall told ch-aviation that the A330-200, 4R-ALB (msn 306), one of four the carrier operates, is grounded pending its return to its lessor after the lease period ended. Ports and Aviation Minister Nimal Siripala de Silva reportedly told Sri Lanka's parliament last week that the airline needed more aircraft and that five attempts to lease an additional A330 had come to nought. "No one wants to give them to us," he said. "We managed to secure only five A320 aircraft. I have now informed the airline that they must always keep a spare aircraft to go and pick up passengers if the scheduled aircraft is unavailable." Nuttall says there have been two requests for proposals issued for A330s, and while nothing to date has been secured talks with lessors continue.
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Sri Lanka’s aviation sector has been on a winning streak, reporting a substantial profit of Rs. 22 billion during the period from January to August 2023.
Sri Lanka should scrap war-time controls to boost domestic aviation: Minister
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Originally posted by skyline View PostSri Lanka’s aviation sector has been on a winning streak, reporting a substantial profit of Rs. 22 billion during the period from January to August 2023.
Sri Lanka should scrap war-time controls to boost domestic aviation: Minister
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Originally posted by CalgaryLankan View Post
What war time controls still in place? Certain airstrips are closed for general aviation ?
Current setup is very difficult for the passengers : https://www.youtube.com/watch?v=29dtxCJH0lQ
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Originally posted by CalgaryLankan View Post
What war time controls still in place? Certain airstrips are closed for general aviation ?
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Originally posted by banuthev View PostFitsair A320 4R-EXS back in service. Good to see all three Fitsair A320s are active.
Hi Haleef, Is 4R-EXS in Fitsair's livery now?
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Originally posted by banuthev View Post
I still wonder why we don't have dedicated domestic terminal at CMB? We need to make it easy for the international passenger to transit for the domestic flights.
Current setup is very difficult for the passengers : https://www.youtube.com/watch?v=29dtxCJH0lQ
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21 out of 24 aircraft up and running, according to SriLankan Airlines.
it would take about two to three months for the three grounded aircraft to be made operational, as the airline was waiting for the manufacturer to send the required components.
Source: This morning
Am i correct only 18 aircraft up and running not 21?
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Originally posted by Haleef View Post
Hi, EXS is in all white color as of yet. Spotted it a few days back.
According to CH Aviation, FitsAir studying first widebody acquisition
https://www.ch-aviation.com/portal/news/132951-srilankas-fitsair-studying-first-widebody-acquisitionch-aviation pro users have access to all exclusive ch-aviation news stories and any changes to airline route networks worldwide. If you are a ch-aviation pro user, please log in.
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New direct flight from Armenia to Sri Lanka
For the first time there will be direct flights from Armenia to Sri Lanka. The organizer of the flights is the Armenian Sky&More company. Colombo-Yerevan-Colombo flights will be operated from October 20 once every 9 days.
Previously, it was possible to reach Sri Lanka exclusively by transit, within 14 hours. Direct regular flights will allow to reach Colombo in 7 hours and 50 minutes. direct flight times are adjusted to make the tour package more competitive, taking into account hotel check-in and check-out times. The presentation organized by Sky&More was personally attended by FITS AIR General Director Ammar Kasim, Aitken Spence Travel Executive Director Nalin Jayasundera.
The main focus of the Sky&More company is the implementation of new charter flights. It is important to organize author group tours, which will be different from the tourist options of the market.
Colombo to Yerevan- 10:00 - 16:20 - 8D246 - 7:50hrs
Yerevan to Colombo - 05:30 - 15:00 - 8D245 - 8hrs
https://hy.armradio.am/2023/08/21/%D...%D5%A1%D5%B6%D 5%AB%D6%81-%D5%B7%D6%80%D5%AB-%D5%AC%D5%A1%D5%B6%D5%AF%D5%A1/
Dubai DWC
Yerevan EVN
I believe CMB to EVN flight is going to operate via DWC. Please correct if i am wrong.
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SriLankan Airlines Tops ‘International Airline – South Asia’ Category at SATA 2023
SriLankan Airlines was crowned the Leading International Airline – South Asia at the South Asian Travel Awards (SATA) in Bangalore, India on 10 October 2023. SriLankan further secured the title of Leading Airline Class – Business Class at the awards ceremony.
Having also received the accolade of ‘Visitors Choice – Airline of the Year’ at last year’s SATA, SriLankan Airlines continues to boost its position in South Asia with this year’s dual wins.
https://www.traveltrendstoday.in/sri...-at-sata-2023/
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Originally posted by banuthev View Post
FitsAir's first charter flight from Yerevan, Armenia to Sri Lanka arrived today with a group of 150 tourists.
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