- Last Update 2024-09-04 18:15:00
Cabinet approves cancellation of Airbus deal
Public Enterprise Development Minister Kabir Hashim last Tuesday won covering approval from the Cabinet of Ministers for the SriLankan Airlines cancellation of the deal for three Airbus A-350 aircraft.
The move comes nearly a year after the SriLankan Airlines paid out more than US$ 146 million as cancellation charges for the lease of the aircraft. The payments were made after an agreement was signed in October last year. Mr Hashim told ministerial colleagues that the amount of compensation was US$ 98 million. However, the amount stated in the agreement is more than US$ 146 and he gave no explanation for it.
However, he declared that the SriLankan has got into a financial mess as a result of the actions of the previous Mahinda Rajapaksa regime. President Sirisena asked him to hold a news conference and explain this aspect to the people.
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CBSL Governor warns reversal of reforms could trigger new crisis
Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, has cautioned that reversing the current economic programme could lead to a resurgence of the severe economic and social crisis Sri Lanka endured nearly two years ago.
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President opens Sri Lanka’s first LNG power plant
President Ranil Wickremesinghe today inaugurated the open cycle phase of the “Sobadhanavi” 350 MW Combined Cycle Power Plant in Kerawalapitiya, the President’s Media Division (PMD) said.
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