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on 16-09-2014 at 06:33 AM
Mihin Lanka – Profit any time soon?
The airline has been plagued by financial losses, debt, waste, corruption and other irregularities since its inception in 2007 is this a profitable venture? I think not as it is the taxpayer’s money put in to use for yet another prestige project. Mihin being yet another “White Elephant” which served no purpose since the country already had a national airline and it was also in a severe financial mess.
Mihin Lanka (MJ) was incorporated in October 2006 and began international flights in April the flowing year with a fleet of two wet leased Airbus A320-200 aircraft from the Bulgarian company BH Air was set to operate as a low cost model as a subsidiary of the national carrier SriLankan Airlines.
The aim of Mihin Lanka was to give an opportunity to foreign job seekers and pilgrims to fly to their destinations at a much lower cost, initially flying to scheduled destinations in South India and the Middle East,