Tweet
I agree with you. These ''talks'' involving foreign airlines have been going on for more than a year now. No airline will make any sort of investment in UL unless drastic changes are made. And since the unions are as dirty as the employs they represent, the chances of this happening are almost zero. The government will just have to keep on sinking more money into UL
-
-
The best option at the moment IMHO is UL given as equity to the Chinese (provided they want to touch it) to try and turn around. Currently the government is desperate with the financial crunch and wants to offer Chinese firms equities in state enterprises according to http://www.news.com.au/finance/busin...414cbdede120da.
I am not familiar if any Chinese airline have any significant stake or investment on foreign airlines or their track record in airline investments\partnerships unless someone in the forum is familiar?
This would be the ideal opportunity to at least turn around some troublesome state enterprises; any successive SL government is not going to make any difference.Last edited by LukeSkywalker; 10-04-2016, 10:31 AM.Comment
-
Agree with you on this. IMHO if at all QR puts money in, it will be in a new debt free joint venture airline, not the current UL company which is saddled with debt. Wonder what would happen if the government offered two or 3 airline licences without foreign ownership restrictions.
Think HNA might own a few foreign airlines?Comment
-
Hi guys,
Who knows the current status of 4R-ADF? It has been withdrawn from use for 3 Months now!Comment
-
The GOSL owes $8 Billion (8,000,000,000) to China with no way to pay this money back. They are frantically trying to re-negotiate. Good luck with that!
I doubt the Chinese will touch Sri Lanka with a 10 foot pole after they get burned on these loans.
When someone invests in something they expect a return on their investment.
With UL you have:-
At least $1 Billion of debt
At least another $1.5 Billion of future liabilities.
At least $100 million/year just to keep operating.
How will you ever see a return on any investment? Especially with the culture of impunity and zero accountability where everyone is trying to siphon off as much money as possible for themselves, their family members and their cronies.
How appropriate - perfect timing! This article illustrates the scale of the problem.
It is virtually impossible to do legitimate business in Sri Lanka.
Sorry - but this is more wishful thinking imho. Not going to happen.Always fly a stable approach - it's the only stability you'll find this businessComment
-
A more detailed article on the wonderful company "culture" that exists at both UL and MJ.....
Never heard of this and I have global ETOPS experience. If MJ dispatched aircraft illegally under ETOPS regulations then both they and the CAA are in a lot of trouble.Nimalsiri said that according to the ‘Alternate Method’
ICAO may decide to act after all.Always fly a stable approach - it's the only stability you'll find this businessComment
-
Nice to see that not only are they stealing/misusing tax payers money, they are actually putting peoples lives in danger.Meanwhile, with revelations as to how Director General CAASL, Director Flight Safety CAASL and Director Operations CAASL authorised a proposal for an ‘Alternate Method’ submitted by Manager Flight and Ground Safety Mihin Lanka/ SriLankan Airlines Captain Keminda Yahampath to fly Mihin Lanka flights even when bad weather conditions are forecastComment
-
VIDEO First SriLankan Airlines Airbus A350-941XWB (4R- ) - cn 052
Picture Courtesy
Airbus A350 XWB fanpageComment
-
Sandru, Thanking you so much !! I was waiting for the picture for a long time. Any idea where it's being towed to?
VIDEO First SriLankan Airlines Airbus A350-941XWB (4R- ) - cn 052
Picture Courtesy
Airbus A350 XWB fanpage
Looking forward to see what's going to happen to UL, UL Management and UL A350s? I wish they shut the MJ asap and gov focus on one airline UL. UL has to be closed and reopened as a new airline. Management of UL should be done by the overseas airline. None of gov appointed cronies should be with UL anymore.Comment
-
Nice picture! F-WZFA will be sub-leased from SriLankan (UL) to Turkish Airlines (TK). Sad to see that we will not be getting to fly in it. 70% chance of SriLankan not getting it.Comment
Comment