The Cabinet at a July 9th meeting has decided to terminate the current bidding process for the divestiture of national carrier Sri Lankan Airlines, a State Owned Enterprises Restructuring Unit statement said.
“Instead, the government will now follow an alternate strategy to be decided shown shortly into diverse the airline based on a framework approved by the cabinet,” the statement issued on July 18th added.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
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