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Sirisena appoints commission to restructure national airline

IANS  |  Colombo 

has appointed a 10-member commission to restructure the national after it recorded a loss of nearly $105 million for the financial year of 2017-2018, the media reported on Tuesday.

The committee will be headed by of Finance Eran Wickramaratne, reported.

A statement from the President's office said that the committee had been instructed to hand over its recommendations to in two weeks and other parties too could submit their suggestions and ideas to develop the national

"The will take the future decisions regarding SriLankan Airlines, taking into consideration those recommendations," added the statement.

The government in August last year said it will renew its search for an investor for

In 2017, said that the government was seeking an international partner who could manage and invest in the after the recorded a massive debt of $3.25 billion.

Wickremesinghe said the was a "landmine" for the country's economy with its high debts and the government would take over part of its debts in order to find an international partner or investor.

--IANS

soni/sed

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 16:42 IST
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