Category: Aviation
‘l Airlines
Aug 11, 2016 (LBO) – SriLankan Airlines has entered into a “wet lease” agreement with Pakistan International Airlines (PIA), owned by the government of Pakistan, whereby an Airbus A330-300 aircraft will be leased by SriLankan to PIA on Aircraft Crew Maintenance & Insurance (ACMI) basis. This means that the aircraft will remain under SriLankan registry and […]
No more aircraft for Sri Lankan; reports not submitted: COPE
Aug, 10, 2016 (LBO) – The Committee on Public Enterprises (COPE) of Sri Lanka’s parliament has recommended that SriLankan airlines officials not to go ahead with the purchase of new aircraft while also calling them to submit several other reports on irregularities. “The transaction of purchasing new aircrafts without conducting a cost basis analysis should […]
Expolanka Holdings top line grows 7 pct in June quarter
Aug 09, 2016 (LBO) – Expolanka Holdings, which operates in areas including logistics and leisure, said it recorded seven percent growth in revenue to 14.96 billion rupees in the June quarter, which was a resilient performance amidst challenges. With its strategic shift towards growth sectors in logistics and leisure, operating profit increased 20 percent to […]
Deadline for EOIs for SriLankan, Mihin extended
Aug 08, 2016 (LBO) – The deadline for EOIs for the ‘Reorientation’ of SriLankan Airlines and Mihin Lanka have been extended by a week until August 31, a statement said. NSB Fund Management, a unit of state-owned National Savings Bank, is the lead manager, while BNP Paribas and KPMG are financial and transaction advisors in […]
UK launches new visit visa application form in Sri Lanka
July 27, 2016 (LBO) – As part of a global rollout, a new visa application form called Access UK was launched in Sri Lanka for customers applying for a UK visit visa. British High Commission in Colombo said the new form will make it quicker and easier for customers to apply for their UK visa. […]
‘s cash-strapped airline may lease four planes to Pakistan
July 21, 2016 (Reuters) – Sri Lanka’s cash-strapped national airline is in talks to lease four of its Airbus A330 planes to Pakistan International Airlines Corp, a government minister said on Thursday, months after cancelling an order for four Airbus A350 aircraft. State-owned SriLankan is aiming to reduce its debt and also looking for an […]
‘s Hainan Airlines interested in managing SriLankan: report
July 20, 2016 (LBO) – China’s largest privately-owned air transport firm, Hainan Airlines Company Limited (HNA), is one of the companies interested in managing SriLankan Airlines, a media report said. EOIs were sought this month by National Savings Bank Fund Management Co Ltd as the lead manager for the reorientation of Sri Lanka Airlines Limited […]
SriLankan Airlines to suspend Paris, Frankfurt flights in restructuring
June 27, 2016 (LBO) – The national carrier SriLankan Airlines on Monday said it will be suspending its operations to Paris and Frankfurt from winter 2016 as part of its restructuring plan. Accordingly, the last flights between Frankfurt and Colombo on UL 553/554 will be operated on October 30, while UL 563/564 of November 6, […]
IATA recognizes Louis Preston training centre in South Asia
IATA recognizes LOUIS PRESTON as “Top Performing Training Centre 2016” in South Asia Press Release: IATA (International Air Transport Association), the trade association for 260 member airlines and sole representative for more that 100,000 IATA Accredited travel agents worldwide has been developing and inventing innovative tailor-made various training programs for the human capital in the […]
Foreign Employment Bureau collects Rs56mn from illegal job agencies
June 13, 2016 (LBO) – Sri Lanka Bureau of Foreign Employment has conducted 56 raids during the first five months of this year and collected 56 million rupees illegally collected by job agencies. The cash collected through these investigations have already handed over to the respective individuals who have paid for agencies for different activities. […]
SriLankan Airlines enters codeshare deal with Qatar Airways
June 06, 2016 (LBO) – Members of oneworld alliance Qatar Airways and SriLankan Airlines have strengthened their cooperation with a new bilateral codeshare relationship which will offer customers additional convenience and flexibility. Qatar Airways said in a statement that both airlines will codeshare on each other’s operations between their hubs – Qatar Airways’ thrice daily […]
Restrictions on issuing passports to Sri Lankan citizens lifted: Foreign Ministry
June 01, 2016 (LBO) – Sri Lanka’s government has issued a circular ending the restrictions placed in March 2011 on the issuance of passports to Sri Lankan citizens resident abroad who, at different times, were compelled to leave Sri Lanka due to conflict or political reasons. Releasing a statement Foreign Ministry said in March 2011, […]