Sri Lankan Government Cabinet meeting on Tuesday revealed that Emirates once again expressed its interest in buying stake in Sri Lankan Airlines.
Loss making national carrier has been looking for investors to partner and strengthen the airlines. For the past few years, the Government’s effort to restructure the airline with foreign partner was unsuccessful.
In fact, new Government promised to rescue the airline from its financial burden in 2015, but It was revealed that fresh recruitments made to the national career during the past couple of years under the new administration worsened the financial situation.
“I also do not know some recruitments,” said the minister kabir Hasim, he said more than 1,000 employees had been recruited in this manner by the Director Board without his knowledge
Minister revealed that the loss had accumulated to Rs.22 billion, and the government could, no longer, bear the burden of pumping in money to run the airline in the current form. So, he asked for the government to take prompt action rather than wasting its financial resources on a loss making venture.
Emirates has not confirmed its interest in SLA as claimed by the government.
In 2010, Emirates had sold its stake in Sri Lankan Airlines, leaving Sri Lanka’s national career in the sole hands of the government.