Sri Lanka state airline on yield maximizing drive

Mar 20, 2012 (LBO) – Sri Lankan Airlines is focusing on maximizing yields on its network and shifting capacity from Europe where competition is high to Asia, amid rising fuel prices, chief executive Kapila Chandrasena said. Mihin Lanka, a budget carrier, which shares some services with Sri Lankan is expected to lose around 15 million […]

SriLankan Airlines borrows $175mn to pay creditors: report

Mar 18, 2012 (LBO) – SriLankan Airlines is to get a loan of 175 million US dollars (21. 8 billion rupees) from the Mashreq Bank in the United Arab Emirates to pay its creditors, the Sunday Times newspaper said. Sri Lanka’s Cabinet of ministers has agreed to offer a government guarantee to the national carrier […]

Sri Lanka main airport moves 6.34mn pax in 2011: official

Mar 12, 2012 (LBO) – Passenger movements through Sri Lanka’s main international airport rose to 6.4 million above its design capacity of 6 million passengers, and the state-run agency was scrambling to add capacity, an official said. The airport was building a one million passenger domestic terminal to be completed by the end of the […]

Sri Lanka airport light industry proposals to close on March 15: official

March 09, 2012 (LBO) – Requests for proposals to start medium and light industries near Sri Lanka’s new international airport in Hambantota will close on March 15, the head of a state-run airport agency said. “Companies can visit there see land available there,” chairman of Sri Lanka’s Airport and Aviation Services Ltd, Prasanna Wickramasuriya told […]

Sri Lanka airport expansion financed by Japan

Mar 03, 2012 (LBO) – Sri Lanka’s main international airport has secured financing of 28.9 billion yen financing (330 million US dollars) to expand and modernize facilities as tourist arrivals continue to expand. In 2011 tourist arrivals rose 30 percent. The state information office said the cabinet of ministers had given the nod to get […]

Sri Lanka gets AirAsia flight to Bangkok

Mar 02, 2012 (LBO) – Low-cost carrier AirAsia’s Thai unit has begun direct flights connecting Bangkok with the Sri Lankan capital Colombo aiming to attract tourists and pilgrims in both countries whose main religion is Buddhism. Tassapon Bijleveld, chief executive of Thai AirAsia, said they expect a load factor of around 75-80 percent in the […]

‘s AirAsia cuts pre-booked meal prices

Mar 01, 2012 (LBO) – AirAisa, a Malaysia based budget carrries said it had cut in-flight meals as much as 30 percent in the wake of a cut in check-in baggage fees two weeks earlier. “AirAsia always strives to listen to our guests, and take into account their feedback on how we can make their […]

Sri Lanka state airline losses financed by petroleum retailer: report

Feb 27, 2012 (LBO) – Sri Lanka’s loss making state-run airlines have been mainly financed by Ceylon Petroleum Corporation, to which they owe 18 billion rupees (150 million dollars) in unpaid dues for fuel, a media report said. Losses for the current year so far at Mihin Air, a state-budget carrier are not known but […]

Sri Lanka state-carrier to cut UK flights, lease Heathrow slots: report

Feb 12, 2012 (LBO) – State-run SriLankan airlines is considering slashing flights to London from Sri Lanka’s capital Colombo from 12 to 7 a week and leasing slots at Heathrow to other airlines, a media report said. The newspaper quoted chief marketing officer G T Jayaseelan as saying that they had considered auctioning landing slots […]

SriLankan Airlines goes for early check-in

Feb 08, 2012 (LBO) – SriLankan Airlines has called on all economy class passengers to check in an hour before scheduled time of departure in a move to ease congestion at the airport. “All SriLankan Airlines economy class check in counters will close 60 minutes before scheduled time of departure from February 01, 2012,” a […]

SriLankan Airlines hires more cadet pilots

Feb 01, 2012 (LBO) – SriLankan Airlines’ latest batch of cadet pilots were awarded their ‘wings’ when they passed out as Junior First Officers recently at the international airport in Katunayake. “With plans for expanding the fleet size to 30 aircraft by 2015, more recruitment will be initiated to meet growing demand with SriLankan gearing […]

Sri Lanka ExpoAir resumes Jaffna flights

Jan 24, 2012 (LBO) – ExpoAir, a domestic aviation company in Sri Lanka, has decided to resume regular flights from the capital Colombo to the former northern war zone of Jaffna, targeting mainly business travellers. The company will operate twice daily flights using a new Cessna Grand Caravan 12-seater aircraft covering the distance in one […]

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