New SriLankan board to push through restructuring
The Sri Lankan govt has appointed a new board for SriLankan Airlines as it seeks to return the airline to profitability. The carrier’s new board has been tasked with accelerating an ongoing restructuring of the company, with the eventual aim of finding a strategic investor that will participate in a public-private-partnership arrangement. The new board is chaired by retired banker Ranjit Fernando, whose success in restructuring the formerly state-owned National Development Bank is cited as one reason for his appointment. A UK-based aviation consultancy, Nyras, was appointed in Nov 2017 to assist in the process. The airline said that Nyras “has presented a detailed business plan that demonstrates the SriLankan Airlines Group can become viable in the short to medium term through the restructuring strategy. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-04-05/oneworld/new-srilankan-board-to-push-through-restructuring
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New SriLankan board to push through restructuring
The Sri Lankan govt has appointed a new board for SriLankan Airlines as it seeks to return the airline to profitability. The carrier’s new board has been tasked with accelerating an ongoing restructuring of the company, with the eventual aim of finding a strategic investor that will participate in a public-private-partnership arrangement. The new board is chaired by retired banker Ranjit Fernando, whose success in restructuring the formerly state-owned National Development Bank is cited as one reason for his appointment. A UK-based aviation consultancy, Nyras, was appointed in Nov 2017 to assist in the process. The airline said that Nyras “has presented a detailed business plan that demonstrates the SriLankan Airlines Group can become viable in the short to medium term through the restructuring strategy. <br/>
