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Could an Indian airline be in race for SriLankan Airlines stake buy?

Even if things improve, it would be hard to keep funding the airline's operations, as the airline has been bleeding money for a while.

indigo, airlines, aviation, flights, air craft
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Sai Manish New Delhi
As Sri Lanka battles the worst economic crisis in its history, the government has announced that it will privatise the national carrier SriLankan Airlines. The country’s civil aviation minister Nirmal Siripala de Silva finally announced on August 30 that the process will kick off with a 49 per cent stake sale in the airline’s catering and ground handling business.
 
While the country has a negligible domestic aviation market due to its small geography, SriLankan Airlines is a strategic asset in feeding the country’s international tourism. The tourism industry is one of the biggest contributors to the country’s GDP, contributing

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First Published: Sep 02 2022 | 3:38 PM IST

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