SriLankan exit this week: Emirates boss

Chandi Dharmaratne

June 07, 2010 (LBO) – Emirates could sign the deal to sell 43.6 percent of SriLankan, Sri Lanka’s national carrier this week, its president Tim Clarke was quoted as saying in a media report. “I was in Colombo last week to discuss the sale,” Clarke was quoted as saying by Emirates Business, a Dubai based news portal.

“We’re hoping that in the week starting Monday the deal would be closed.

“So probably during the course of this week, the sale would be concluded.” Clarke did not disclose a sale price but, Sri Lanka government sources had indicated a price of around 55 million dollars for the stake.