Sri Lanka holds talks with Emirates for airline development - Eran
June 19, 2017 03:54 pm
Several international airlines including Emirates have expressed interest in partnering with Sri Lankan Airlines for its development under the Private Public Partnership model, an official said on Monday.
State Finance Minister Eran Wickramaratne told reporters that informal talks had taken place with those having interest in investing in Sri Lanka’s national career.
Sri Lankan Airlines is currently operated at a loss. The government has laid down plans to restructure it. It found a foreign investor initially. Yet, the deal was not successful.
“We are in contact with Emirates at the moment. Likewise, we will hold talks with a few other airlines interested in investing here. We will not go for outright privatization of our airline. It will be only equity sharing under the Private Public Partnership model,” he said.