Emirates, the Dubai-based national carrier is 'reviewing' options with regard to its stake in SriLankan Airlines, Emirates officials said.
"Management control of SriLankan Airlines now rests with the Government of Sri Lanka. Emirates did not renew the shareholder's agreement which expired on 31st March 2008. Emirates continues to hold a 43.6% equity stake in SriLankan Airlines,” an Emirates spokesperson told The Sunday Times FT.
“We have yet not taken a firm decision to sell all or part of it. We are reviewing our options.” This came on the back of some industry officials saying the SriLankan Airlines board of directors was gearing to suggest a proposal to Emirates to sell it through the Automated Trading System of the Colombo Stock Exchange.
But SriLankan officials denied this. "From the SriLankan side there has not been any such overtures," Manoj Gunawardena, CEO, Sri Lankan told The Sunday Times FT.
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