Sri Lanka state carriers to get US$200mn bailout

Nov 21, 2013 (LBO) – State-run SriLankan Airlines and Mihin Lanka will be given 200 million US dollars bailout in the 2014 budget, President Mahinda Rajapaksa said. Ceylon Electricity Board has turned around and Ceylon Petroleum has cut losses.

SriLankan will get 150 million US dollars and Mihin Lanka will get 50 million US dollars.

Both entities are making record losses.

State bus services will get another 1000 million rupees in people’s money to buy new buses and 500 million rupees to cover losses.