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SriLankan Catering, a subsidiary of SriLankan Airlines on Thursday inked a deal to borrow US$ 22.5 million from a consortium of local banks to build a new flight kitchen, officials said. Commercial Bank of Ceylon arranged the syndicated loan, which included Hatton National Bank, People's Bank and Sampath Bank.
Commercial Bank is believed to have chipped in with US$ 10.0 million, Hatton National Bank with US$ 7.
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0 million, People's Bank with US$ 3.0 million and Sampath Bank US$ 2.5 million.
The lenders were also tight lipped over the pricing of the seven-year issue.
The new kitchen will cost just under US$ 25 million and is scheduled to open by end November this year, SriLankan Catering CEO, Dilip Nijhawan told participating banks during the signing ceremony.
The new facility will replace the existing 20-year old kitchen, with capacity to cook around 13,000 meals a day, going up to another 2,000 meals daily.
The existing kitchen, built in the early 1980's was designed to prepare 4