Category: Shipping and Transport

SriLankan Cargo, the cargo arm of SriLankan Airlines, has handled the largest volume of transhipment cargo in January 2003 since July 2001.The volume of transhipment cargo handled in January totalled 1,341 metric tonnes, the airline said on Wednesday.rn rnSriLankan Cargos contributes around 14 percent to the airlines group revenues.rn rnSriLankans fleet currently comprises two Airbus […]

SriLankan Airlines has sought Civil Aviation Authority approval to raise outbound airfares by US$ 5 per sector.The airline has sought the increase, as fuel prices have shot up by 10 percent to 12 percent over the past three-months due to Middle East tension.rn rnldblquote This is not a decision we took on our own. We […]

SriLankan Airlines expects to sharply cut its losses during the current financial year but said the group will be in the black.The national carrier said it expects losses of around US$ 10 mn to US$ 15 mn this year, sharply lower than the US$ 60 mn loss recorded during the last financial year.rn rnAs a […]

SriLankan Airlines, on Friday made a profit warning for the current financial year, but said group profits will remain steady as the previous year.rnAs a stand-alone entity, SriLankan has never made a profit in its entire history, but the Emirates led management is confident of turning things around for the financial year ending 2003/4.rn rnSriLankan […]

Sri Lankas 13 bus companies may continue under state control for longer, as attempts to bring in private management steers off course. Industry watchers say plans for a state lead restructuring programme were being touted as a contingency measure in case the Sri Lankan government fails to seal any deals.rn rnIf the state takes up […]

A newly set up Indo-Sri Lanka joint venture, plans to lure ladies to hop on and popularise motorbikes in Sri Lanka.United Motors Lanka Ltd (UML) on Tuesday tied up with Indias TVS Group to form a 50:50 joint venture to sell motorbikes and motor spares.rn rnUML hopes to infuse around Rs. 100 mn into the […]

UML will pump around Rs.100 mn into the joint venture, with plans to expand the motorbike marketing venture into local assembly under a second stage, United Motors Lanka Managing Director Anil Wijesinghe told Lanka Business Online.rn rnWijesinghe said the two firms ldblquote have successfully concluded negotiations on entering into a joint venture partnership. dblquotern rnMotor […]

Dubai based Emirates Airlines on Thursday unveiled massive new expansion plans to add new aircrafts and extra routes.This year it will add a record 11 new aircraft to its fleet and increase seating capacity by 25%, allowing it to start four new routes, add more flights on many current routes and launch radically new inflight […]

Selling the remaining seven bus company faced another breakdown, the deadline for applications pushed back once again.Meanwhile, the Public Enterprises Reform Commission (PERC) has set a February 13 deadline to the IBIS Holdings to pay up for the six bus companies.PERC says the buyer has to 60% of the bid price by Feb. 13 with […]

The government is reconsidering its plans to build a second runway at the Katunayake international airport.The proposal ran into trouble due to heavy protests by residents who would loose their homes in land acquisitions for the new runway.rn rnPlans for the second runway at the countries only international airport were drafted to make the country […]

Three firms including Singapore based SBS Transit has shown interest to buy up a stake in the remaining seven state bus companies. The deadline to submit proposals for a 39% stake in the bus companies has also been put off to January 16, an extension by the Public Enterprises Reform Commission (PERC) to factor in […]

Talks that started last year with US based Lockheed Martin for Air Traffic management, could bear fruit with an MOU to be signed shortly with the Board of Investment. In 2002, the BOI got an unsolicited proposal from a consortium including Lockheed Martin & Airways to take over the upper airspace management.rn rnThe proposal also […]