The restructuring process of debt-ridden- national carrier Sri Lankan Airlines is to commence this week with the Ministry of Ports, Shipping and Aviation having decided to call for local and international tenders, a senior Minister said.
Minister of Ports, Shipping and Aviation Nimal Siripala said that they have prepared advertisements in both local and international newspapers calling for tender bids in this regard.
The Minister further added that the cabinet had approved the decision to restructure the state-owned Sri Lankan Airlines as it continues to record losses worth billions.
“Under the restructuring process, the State would own 51 per cent of shares of the Airlines while the bidders are able to obtain 49 per cent of share”, the Minister noted.
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
President Ranil Wickremesinghe is firm about the President’s five-year tenure, the President’s Media Division (PMD) said.
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