Category: Aviation
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Jun 19, 2019 (LBO) – Fitch Ratings has assigned SriLankan Airlines Limited’s (SLA) proposed issue of US dollar government-guaranteed bonds an expected rating of ‘B(EXP)’. The proceeds of the issuance will be used to refinance the company’s 175 million dollars bond due 27 June 2019. The final rating is contingent upon the receipt of final […]
SriLankan named world’s most punctual airline
Jun 07, 2019 (LBO) – SriLankan Airlines has been named the world’s most punctual airline yet again, with 90.75 percent of its flights in May 2019 being ‘on-time’ throughout its route network, the company said in a statement yesterday. This is the second time in less than 12 months that SriLankan has achieved this milestone, […]
SriLankan Airlines to resume services to Karachi
SriLankan Airlines is to resume services to Pakistan’s commercial capital Karachi on 1st June 2019. Sri Lanka’s National Carrier will operate five weekly flights on Tuesday, Thursday, Friday, Saturday and Sunday, with flights arriving in Karachi at 15:10 hours and departing Karachi at 16:10 hours. Some of the international flights into Pakistan were suspended following […]
SriLankan Catering posts Rs 5.7bn net profit for 2018/19
May 30, 2019 (LBO) – SriLankan Catering, the fully owned subsidiary of SriLankan Airlines has recorded a steady financial performance for the financial year ended 31 March 2019 with a 24 percent year-on-year growth in operating profits from 3.8 billion to 4.7 billion rupees, according to its unaudited financial statement. SriLankan Catering said in a […]
Sri Lanka Tourism Alliance launches #LoveSriLanka initiative
May 28, 2019 (LBO) – In the wake of the Easter Sunday outrage, several hoteliers came together to form the Sri Lanka Tourism Alliance, launching its #LoveSriLanka initiative. The Alliance’s main focus is the creation of an enabling online platform & community to promote & support Sri Lanka’s return to the norms of island life, […]
Safety of all passengers onboard is our highest priority: SriLankan Airlines
Statement from SriLankan Airlines Colombo May 27, 2019: SriLankan Airlines wishes to clarify and place on record certain facts with regard to a Social Media post that is currently being circulated on all mainstream social media; made by a SriLankan Airlines’ passenger on UL 605 from Melbourne to Colombo operated on the 23rd of May […]
Advocata supports recommendations from experts on restructuring of SriLankan
May 24, 2019 (LBO) – During the ten year period when the management of SriLankan Airlines was under Emirates, the airline enjoyed a decade of profits. This is in stark contrast to the period of 2009-2017, when SriLankan Airlines was under state management, and accumulated losses of Rs. 148,707 mn. The restructuring is critical as […]
SriLankan appoints new Chief Commercial Officer & Chief Financial Officer
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the prestigious oneworld alliance, has appointed Mr. Joshua Bustos as its Chief Commercial Officer and Mr. Shaminda Samaraweera as its Chief Financial Officer with effect from April this year. Mr. Bustos is an internationally experienced senior level airline executive with over 20 years […]
SriLankan Airlines appoints a new CCO and CFO
May 07, 2019 (LBO) – SriLankan Airlines has appointed Joshua Bustos as its chief commercial officer and Shaminda Samaraweera as its chief financial officer with effect from April this year. Bustos is an internationally experienced senior level airline executive with over 20 years of experience. He has held several key positions in leading organizations including American […]
SriLankan Airlines formulates new 5-year Strategic Business Plan
Apr 05, 2019 (LBO) – SriLankan Airlines has formulated a new five-year Strategic Business Plan for the period 2019-24 with the objective of transforming itself into a financially viable organization airline group, a statement said. Issuing a statement the airline said the plan aims to increase brand visibility and a global reputation for excellence, while turning […]
SriLankan Airlines to increase frequencies to Tokyo
Mar 28, 2019 (LBO) – SriLankan Airlines, one of the first carriers to fly to Tokyo’s Narita International Airport, is celebrating 35 years of flying to Narita by increasing its number of frequencies up to five per week, with Sri Lanka growing rapidly in popularity as a destination for Japanese travelers. It is the only airline […]
Kabul calls for first direct air corridor, investment pact to revive Sri Lanka trade
Mar 19, 2019 (LBO) – Afghanistan has called to open a direct air corridor with Sri Lanka by 25th March in a effort to push an Investment Protection and Promotion (IPP) pact with Colombo to revive lagging bilateral economic ties. “The Government of Afghanistan launched the Air Corridor two years ago to take domestic goods to […]