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Finances allocated for this project is now being used to pay the outstanding invoices at CPC. Since the airline is running at a huge loss and the govt. too not in a position to finance the company, UL is now looking for a strategic partner!!! Check wz Airbus in regards to the MOU
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SriLankan to break even over four years with new fleet. SriLankan airlines group is planning to break even in the year to March 2017, after running about 335 million US dollars of losses in the intervening years. The first of six A330-600s will arrive in October 2014 giving 6-8 percent in fuel savings. From 2017, the first of A350-900s will arrive giving fuel savings of 12 to 15 percent, he said. (LBO) http://tinyurl.com/n2wyc8qComment
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I was not aware of the cargo demand, but in that case A320 may not be the best equipment for belly cargo. Then again A330 will be an overkill on the route.
Launching a new route is exciting, but at a time when UL has blood pouring through their ears, they have to be very careful. I still struggle to see the demand, as the Sri Lankan community in Seychelles is quite small and are mainly employed in the hospitality sector. They travel home every year or every other year and prefer to travel via Dubai due to duty free shopping available there.Comment
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Not sure of the veracity of this statement, but if true I think this is the most sensible thing to do, especially given the recent statements by UL of not being profitable for another 4 years and in their estimates (which I assume are greatly under-estimated) they are poised to lose another USD 0.5B before becoming profitable.Comment
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Couple of Hundred miles ? well, I saw VS 340-600 in Manila, was sent all the way to MNL for C / D Checks ..
And Indigo, flown all the way, when both the airline don't serve MNL ..
They fly in empty
Honestly, HRI maybe better off as a Maintenance base, since with less movement, they can do any number of flight tests without worry of upsetting the active .a-la Paya lebar .. you can see planes shut down in the active, when they have issues, and nobody is bothered ..Comment
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"SriLankan has reported a loss of about Rs.25 billion in 2012 and since 2008, the accumulated loss accounts for over Rs.55 billion"
According to SriLankan Airlines Chief Executive, Kapila Chandrasena, one of the key issues impeding the airline coming out of the red and making a profit is the national interest. He told a recent media conference that as the national carrier, their decisions are not purely commercial.
Read full article http://www.dailymirror.lk/opinion/17...editorial.htmlComment
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http://www.lankabusinessonline.com/n...leet/374830029"SriLankan has reported a loss of about Rs.25 billion in 2012 and since 2008, the accumulated loss accounts for over Rs.55 billion"
According to SriLankan Airlines Chief Executive, Kapila Chandrasena, one of the key issues impeding the airline coming out of the red and making a profit is the national interest. He told a recent media conference that as the national carrier, their decisions are not purely commercial.
Read full article http://www.dailymirror.lk/opinion/17...editorial.html
UL CEO mentioned the following
Fuel prices at Colombo were among the highest in the world after Maldives, he said
Until this is fixed; trying to becoming the air hub is a distance dream; will never compete against Singapore or UAE/Qatar. Sri Lanka does not have refinery capability such as Jurong Island or Jebal Ali.
it will definitely more than 0.5bn loss and that is not a viable business model.
UL CEO mentions that their decisions are not purely commercial; well we know that excepts SL zombies who is following current GOSL. But he fails to mentions who gives the inputs for these decisions.
DM Editorial sums it up very nicely
But in Sri Lanka the meaning of the term (national interest) appears to have been given a twist as it reflects the whims and fancies of a handful of people. Their vanity and ego have unfortunately become Sri Lanka’s national interest
Future is very bleak or almost non existence for UL...It is national shameComment
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I wonder if EY will be interested in buying a stake in UL, as they seem to be on a buying spree. Some of their purchases does not make a lot of sense based on the information available in the public domain, but EY is obviously privy to a lot of information that we are not.
They already code share with UL on AUH-CMB.Comment
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Cayman, I agree UL may not have more O&D traffic on CMB-SEZ. May be that's a reason UL is going to serve CMB-NBO via SEZ. UL can attract large amount of South Asian Population to Nairobi. On the other hand, passengers from Europe, South Asia and Far East can take transit in Colombo for Seychelles flights. Approx Flight Duration between CMB-SEZ is not bad it's only 3.49hrs, If I am not mistaken.
On a different note, Mihin Lanka to continues to operate service to Medan in Indonesia from 1 August 2013. Mihin's seasonal flight to Medan launched on 22 May 2013 was planned to serve until 31 Jul 2013, operating twise a week nonstop flights.Comment
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True, EY and QR serve SEZ with A320/A319s. But QR is cancelling SEZ from the network effective Winter 2013 when they join Oneworld alliance. So none of the Oneworld alliance member fly to SEZ. Why shouldn't UL add the SEZ in it's network because we join Oneworld in mid-2014.Comment
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Hi Dave... thanks for your comment and what you say is correct... But, this information came directly from our rival company Airbus. Within the past couple of weeks, UL had talks with two major Middle Eastern airlines seeking for a partnership. If the govt. stops misusing the airline, this would have become a reality but sadly not at the moment!Comment
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Seychelles have agreed to a wide-ranging commercial agreement that will give customers of SriLankan Airlines convenient access to Air Seychelles regional network in the Indian Ocean & South Africa, Customers of Air Seychelles will in turn enjoy access to new points in Sri Lanka, China, Japan & India.
http://www.eturbonews.com/36867/sri-...ice-seychellesComment
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