The Sri Lankan government has decided to restructure rather than privatise SriLankan Airlines (UL, Colombo International) after none of the entities that expressed interest in it were deemed suitable.
A July 3 media statement on the Sri Lankan government website confirmed the change of heart, with the aviation minister, Nimal Siripala de Silva, saying none of the bidding parties were “worthy.”
In 2023, the government decided to sell a 51% stake in the state-owned carrier. The sale was part of a broader…
Source: ch aviation
Read more: Colombo abandons plans to privatise SriLankan Airlines