Tax-payers receive bill for SriLankan’s colossal losses

Opinion: Tax-payers receive bill for SriLankan’s colossal losses: Advocata

The Minister of Aviation, Nimal Siripala de Silva, recently announced that the Government would take over 210 million in dollar loans and 41.4 billion in rupee loans borrowed by Sri Lankan Airlines from state-owned Bank of Ceylon and Peoples’ Bank. Sri Lankan Airlines is bankrupt. No buyer will be prepared to take on both a […]