Sri Lankan Airlines has an accumulated debt of Rs. 203 billion, a senior Aviation Ministry official said.
The national flag carrier needs to pay a sum of Rs. 61 billion to the Ceylon Petroleum Corporation over the purchase of aviation jet fuel while it needs to pay a total of Rs. 53 billion to the Bank of Ceylon, Rs.41 billion to People’s Bank and has a non-state debt of 39 billion and remaining amount being funds from other entities, the official said.
Committee on Public Enterprises (COPE) Chairman Prof. Charitha Herath said the inquiry into Sri Lankan Airlines losses has been delayed to give time for the airlines to generate income during the European winter season.
The airlines will need a 1.5 billion USD target income action plan in the coming years, Timesonline learns.
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Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
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