Sri Lanka Aviation

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  • banuthev
    Administrator
    • Dec 2010
    • 3945

    #7291
    Thanks Speedbird. So in that case UL is not going to take any of the A350?

    Just to make it clear:

    4 x A350 Direct order with Airbus = Cancelled
    4 x A350 on Lease Agreement = One is already sub-leased to a leasing company and UL is in discussion with TK to give the three x A350 aircraft on sublease.

    SriLankan Airlines is in talks with Turkish Airlines to lease out its new three Airbus A350s as per an earlier government agreement of exiting from these new


    Comment

    • marlon.oorlof
      Junior Member
      • Jun 2016
      • 1

      #7292
      Originally posted by banuthev
      Thanks Speedbird. So in that case UL is not going to take any of the A350?

      Just to make it clear:

      4 x A350 Direct order with Airbus = Cancelled
      4 x A350 on Lease Agreement = One is already sub-leased to a leasing company and UL is in discussion with TK to give the three x A350 aircraft on sublease.

      SriLankan Airlines is in talks with Turkish Airlines to lease out its new three Airbus A350s as per an earlier government agreement of exiting from these new


      http://mobile.reuters.com/article/idUSL3N1873MC
      Good move srilankan, first restructure the management,qualified employees and capitalise on revenue and get the balance sheet stronger (maintain net assets instead of net debts ).

      Comment

      • A350-XWB
        Junior Member
        • Feb 2016
        • 18

        #7293
        TK is always a candidate when it comes to buy new planes... They were "interested" in the A380 several times and never actually bought it. Same for the UL A350s, there have been rumors before and a deal did not materialize. Now, they seem to be interested again but we are not too confident about this deal.
        Sad indeed that MSN52 was painted in white :/

        Regards,
        Lucas and Philipp.

        Comment

        • banuthev
          Administrator
          • Dec 2010
          • 3945

          #7294
          Originally posted by marlon.oorlof
          Good move srilankan, first restructure the management,qualified employees and capitalise on revenue and get the balance sheet stronger (maintain net assets instead of net debts ).
          First UL need the right people in the Management (Appoint the CEO who have vey good experience in managing an airline). It's a big mistake they are doing by down-sizing the network it will cause them loosing the transit pax traffic.

          Cancelling A350 order could be A good idea but UL has to lease more A320ceos in the fleet and quickly start expanding to new regional destinations in India, Vietnam, Pakistan, Myanmar etc.. I think again UL is doing the mistake by planning to lease NEOs which are 10 mil USD expensive than CEOs.

          Comment

          • ejanson65
            Senior Member
            • Jul 2013
            • 628

            #7295
            Originally posted by banuthev
            First UL need the right people in the Management (Appoint the CEO who have vey good experience in managing an airline). It's a big mistake they are doing by down-sizing the network it will cause them loosing the transit pax traffic.

            Cancelling A350 order could be A good idea but UL has to lease more A320ceos in the fleet and quickly start expanding to new regional destinations in India, Vietnam, Pakistan, Myanmar etc.. I think again UL is doing the mistake by planning to lease NEOs which are 10 mil USD expensive than CEOs.
            Start by tackling the Racketeering and the Racketeers at the National Level. Without ending the rampant theft, fraud and corruption everything else is a waste of time imho.

            Otherwise the country is just going to become another failed state. (Personal opinion - that's already the case).

            Please no more aircraft orders - it's just a way for the Racketeers to make $$$ Millions at the expense of the people of Sri Lanka.

            There is no way to save UL - best option is to close it down ASAP.
            Always fly a stable approach - it's the only stability you'll find this business

            Comment

            • banuthev
              Administrator
              • Dec 2010
              • 3945

              #7296
              Originally posted by ejanson65
              Start by tackling the Racketeering and the Racketeers at the National Level. Without ending the rampant theft, fraud and corruption everything else is a waste of time imho.

              Otherwise the country is just going to become another failed state. (Personal opinion - that's already the case).

              Please no more aircraft orders - it's just a way for the Racketeers to make $$$ Millions at the expense of the people of Sri Lanka.

              There is no way to save UL - best option is to close it down ASAP.
              Sad but UL will close down very soon as people at SL Gov not capable to run aviation business.

              Atleast Its good to see possitive comments from UL passengers: http://www.airlinequality.com/airlin...nkan-airlines/

              Comment

              • Speedbird
                Senior Member
                • Feb 2012
                • 616

                #7297
                Originally posted by ejanson65
                ...

                There is no way to save UL - best option is to close it down ASAP.
                Agreed...that is partially correct. Best option is closing UL down completely and demonopolization of AASL. AASL would be the next battleground...it is already heading in the same direction as the Sri Lankan Port Authority...saddling with heavy debt (thanks to HRI) and over staffed. MR and his administration is completely responsible for this fiasco.

                Sri Lankan aviation industry can be summed up as...how to lose money on a monopoly.
                Last edited by Speedbird; 19-06-2016, 08:17 PM.

                Comment

                • Speedbird
                  Senior Member
                  • Feb 2012
                  • 616

                  #7298
                  Originally posted by marlon.oorlof
                  Good move srilankan, first restructure the management,qualified employees and capitalise on revenue and get the balance sheet stronger (maintain net assets instead of net debts ).
                  GOSL cannot run any airlines...They tried with Air Ceylon then AirLanka and then took over EK managed Sri Lankan. With a socialist attitude; nepotism, militant unions and their political masters, corruption, sleaze, peddling half truths, pork barrel spending and the latest addition to the list fake patriotism...they tried to run an airline business since independence, only ended up with is driving it into the ground. recapitalization will only prolong the inevitable.
                  Last edited by Speedbird; 19-06-2016, 08:16 PM.

                  Comment

                  • kennny15
                    Senior Member
                    • Feb 2013
                    • 164

                    #7299
                    Orders and customers Firm orders as of end May 2016

                    according to airbus the website show srilankan airlines with 4 airbus A350

                    Comment

                    • A350-XWB
                      Junior Member
                      • Feb 2016
                      • 18

                      #7300
                      Originally posted by kennny15
                      Orders and customers Firm orders as of end May 2016

                      according to airbus the website show srilankan airlines with 4 airbus A350

                      http://www.a350xwb.com/od/
                      Yes, but this has always been like this. Airbus does not include the leased aircraft. Same for THAI for example.

                      Comment

                      • banuthev
                        Administrator
                        • Dec 2010
                        • 3945

                        #7301
                        Originally posted by A350-XWB
                        Yes, but this has always been like this. Airbus does not include the leased aircraft. Same for THAI for example.
                        May be UL hasn't cancel the direct order for 4 x A350s with Airbus?

                        Comment

                        • LukeSkywalker
                          Senior Member
                          • Feb 2011
                          • 188

                          #7302
                          Originally posted by banuthev
                          May be UL hasn't cancel the direct order for 4 x A350s with Airbus?
                          If they have any sense they would have at least delayed the final assembly until they they can offload the slots to someone else (or delay it indefinitely like VS and their 380s, Airbus might allow them to transfer the deposits to something else).

                          Comment

                          • banuthev
                            Administrator
                            • Dec 2010
                            • 3945

                            #7303
                            Originally posted by LukeSkywalker
                            If they have any sense they would have at least delayed the final assembly until they they can offload the slots to someone else (or delay it indefinitely like VS and their 380s, Airbus might allow them to transfer the deposits to something else).
                            Its not too late to cancel direct order. 4 of those A350s which were UL ordered directly from Airbus are not yet in the production as deliveries are due after 2019/2020. Obviously another 4 of A350s ordered on Lease from Aercap had to be now sub-leased to another airline operator or lessor. Leased MSN52, MSN55, MSN60 were already been assembled and MSN171 already in production waiting to be assembled in 2017.

                            Comment

                            • ejanson65
                              Senior Member
                              • Jul 2013
                              • 628

                              #7304
                              Originally posted by banuthev
                              Its not too late to cancel direct order. 4 of those A350s which were UL ordered directly from Airbus are not yet in the production as deliveries are due after 2019/2020. Obviously another 4 of A350s ordered on Lease from Aercap had to be now sub-leased to another airline operator or lessor. Leased MSN52, MSN55, MSN60 were already been assembled and MSN171 already in production waiting to be assembled in 2017.
                              Latest I've heard is that the deal with Turkish has fallen through.

                              Any journalists reading here? This is quite a story - a few profit at the expense of the entire country.

                              Aercap won't respond to my requests for information on this deal.
                              Always fly a stable approach - it's the only stability you'll find this business

                              Comment

                              • kennny15
                                Senior Member
                                • Feb 2013
                                • 164

                                #7305
                                Originally posted by ejanson65
                                Latest I've heard is that the deal with Turkish has fallen through.

                                Any journalists reading here? This is quite a story - a few profit at the expense of the entire country.

                                Aercap won't respond to my requests for information on this deal.
                                Three new A350s to the SriLankan fleet

                                on the video say that the order was place in January 2016 and the delivery would be in October


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