The State – owned Enterprises Restructuring Unit established under the Ministry of Finance has been entrusted in making recommendations on restructuring of Sri Lankan Airlines and its subsidiary companies

This follows a Cabinet paper submitted by the Ministry of Ports, Shipping and Aviation.

The Ministry in its cabinet paper said it has been recognized that Sri Lankan Airlines Company Limited as well as its subsidiary companies are needed to be restructured by handing over a considerable amount of shares and the management of the entity of Sri Lankan Airlines Company Limited to investors selected through a transparent procurement process.

Accordingly, considering the resolutions furnished by the Minister of Ports, Shipping and Aviation, the Cabinet of Ministers took the decision to hand over the responsibility of studying the methodology of restructuring Sri Lankan Airlines Company Limited and making recommendations to the Cabinet of Ministers to State – owned Enterprises Restructuring Unit established under the Ministry of Finance, Economic Stabilization and National Policies. 

The Minister of Labour and Foreign Employment, Manusha Nanayakkara, addressing the post Cabinet news conference said that no time frame has been drawn for the restructuring programme.

“People who have not even seen a plane or  flown on a plane  have to pay taxes on  Sri Lanka Airlines”, he added.