Sri Lanka’s airline fails to get bids
Sri Lanka has failed to attract bids from international airlines to privatise its loss-making carrier, but will continue its efforts to salvage the company, a minister said Saturday. The govt received 9 offers but none were from a major international airline operator, State Enterprise Development minister Kabir Hashim said. Of the proposals received, the govt has shortlisted 3, including one from TPG, a San Francisco-based private equity firm. Hashim is heading a new 3-member ministerial panel to decide the future of Sri Lankan which has debts and accumulated losses of over US$2b. Sri Lankan was profitable before Rajapakse cancelled a management agreement with Emirates in 2008 following a personal dispute. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-23/oneworld/sri-lanka2019s-airline-fails-to-get-bids
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Sri Lanka’s airline fails to get bids
Sri Lanka has failed to attract bids from international airlines to privatise its loss-making carrier, but will continue its efforts to salvage the company, a minister said Saturday. The govt received 9 offers but none were from a major international airline operator, State Enterprise Development minister Kabir Hashim said. Of the proposals received, the govt has shortlisted 3, including one from TPG, a San Francisco-based private equity firm. Hashim is heading a new 3-member ministerial panel to decide the future of Sri Lankan which has debts and accumulated losses of over US$2b. Sri Lankan was profitable before Rajapakse cancelled a management agreement with Emirates in 2008 following a personal dispute. <br/>
