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New Committee to look into the restructure of SriLankan Airlines

ITN News Editor
By ITN News Editor January 4, 2019 18:49

New Committee to look into the restructure of SriLankan Airlines

President Maithripala Sirisena has said that a new Committee will be appointed by Monday for the submission of recommendations soliciting views and proposals needed for the reorganization of the SriLankan Airlines. The President made this reference during a discussion at the Presidential Secretariat this morning on the current situation in the SriLankan Airlines Service.

At this discussion the President said that all parties will receive an opportunity to submit proposals needed for the improvement of the SriLankan Airlines service. The Committee which will comprise five members after its appointment is due to submit the required recommendations to the President within two weeks. The President said at this discussion that future decisions on the SriLankan Airlines Service will be taken after considering the recommendations. The President gave instructions to the officials to implement a programme for an immediate formal reorganization of the SriLankan Airlines.

Members of the Board of Directors pointed out to the President that the required basic initiative has been taken to minimize losses of the SriLankan Airlines and transform it into a viable venture.

Discussions at this meeting dealt at length on issues that led to the continued losses incurred during the past several years and the current challenges faced as well as on the present operations. Attention was drawn to the disadvantageous agreements reached by the Airlines and the impact on the fuel prices increase, the depreciation of the rupee and currencies in the region and technical and infrastructure deficiencies.

Work is progressing on the Presidential Commission appointed to inquire into the malpractices said to have been committed in the SriLankan Airlines.

ITN News Editor
By ITN News Editor January 4, 2019 18:49

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