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A nation in default: Is the great Sri Lanka fire sale about to begin?

PM Wickremesinghe wasted no time in announcing the government would privatize Sri Lankan Airlines, which prior to the pandemic had flown to 126 destinations in more than 60 countries

Sri Lanka crisis
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Sri Lanka has already essentially given away some of its most strategic points to China, which until recently was working hard to expand its footprint there.

Ruth Pollard | Bloomberg
Sri Lanka has a habit of selling off its assets when times are tough. And it doesn’t get much tougher than this. The tiny island nation is in default and in desperate need of $4 billion to pay for food, fuel and fertilizer to stave off a deeper crisis. 
 
The newly appointed prime minister, Ranil Wickremesinghe — his sixth time in the job — wasted no time in announcing the government would privatize Sri Lankan Airlines, which prior to the pandemic had flown to 126 destinations in more than 60 countries. The carrier struggled with a stretched balance sheet even

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First Published: May 30 2022 | 8:12 AM IST

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