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  1. #9681

    SriLankan Airlines – total privatization or liquidation?

    ...Sri Lanka, along with its neighbors Bangladesh, India, Nepal, and Pakistan and several African countries stubbornly stuck to the ‘national/flag carrier’ concept. Misplaced national pride prevented governments from visualizing the negative impact of diminishing airfares, increase in the cost of fuel, aircraft and manpower, the resulting losses and burden on their economies. Almost all such airlines became politically rather than commercially driven. Suffice to state, besides SriLankan Airlines, Biman Bangladesh, Air India, Nepal Airlines, PIA, Kenya Airways and South African Airways are all loss-making concerns today and a severe burden to their respective national treasuries. Nigerian Airways ceased operations in 2003...

    http://www.island.lk/index.php?page_...e_title=177723

  2. #9682
    Quote Originally Posted by channa View Post
    I am thinking the same way. ALA,ALB,ALC,ALD,ALJ and ALH are old air crafts. They need newer A 330 or A 350 to replace them for long haul routes.
    Unfortunately they cannot exit the leases & not much of long haul routes to operate

  3. #9683
    Quote Originally Posted by SLD View Post
    What is the airline?
    Cargo flight is operated by Etihad Cargo (flight : EY9872) and Charter Passenger flight is operated by Condor Flugdienst (flight : DE9423)

  4. #9684
    Member SLD's Avatar
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    https://www.flightradar24.com/data/a...r-alr#1010680f
    Where is this plane going? UL291?

  5. #9685
    Quote Originally Posted by SLD View Post
    This looks like UL281(ALK281) CMB-JED flight and the transponder has been mis-configured as ALK291. If I'm not mistaken, I think the transponder needs to be programmed with the callsign for each flight by the crew and I have noticed that occasional incorrect callsigns on UL flights such as AKXXX, or ALLXXX etc on FR24. In the above case, they seemed to have corrected the mistake mid-flight since the tracking for UL281 starts off the coast of India exactly where the tracking for UL291 ends.In both cases, aircraft is 4R-ALR.

    UL281 - https://www.flightradar24.com/data/a...r-alr#10107c1f
    UL291 - https://www.flightradar24.com/data/a...r-alr#1010680f

  6. #9686
    Quote Originally Posted by Speedbird View Post
    Unfortunately they cannot exit the leases & not much of long haul routes to operate
    There are 3 white-tail A350 sitting in Toulouse (the 4th was never built). This is a huge embarrassment for airbus. I doubt UL can expect any favours from airbus.

    If the remaining 4 A350 were ordered on a contract without a termination clause - then there's no option but to pay! ($800 Million according to the papers plus whatever deposits have been paid).

    Aercap is also having to pay for the parked A350 - a declining asset value with no revenue so far. They will also not be doing UL any favours.

    Any talk of "re-structuring" or PPP is nothing more than a fantasy by people who cannot conceive of a shut down.
    Always fly a stable approach - it's the only stability you'll find this business

  7. #9687
    Quote Originally Posted by ejanson65 View Post
    There are 3 white-tail A350 sitting in Toulouse (the 4th was never built). This is a huge embarrassment for airbus. I doubt UL can expect any favours from airbus.

    If the remaining 4 A350 were ordered on a contract without a termination clause - then there's no option but to pay! ($800 Million according to the papers plus whatever deposits have been paid).

    Aercap is also having to pay for the parked A350 - a declining asset value with no revenue so far. They will also not be doing UL any favours.

    Any talk of "re-structuring" or PPP is nothing more than a fantasy by people who cannot conceive of a shut down.
    Cancellation of the four-Airbus-A350-900 leases and the downfall of SriLankan

    http://www.ft.lk/opinion/Cancellatio...ines/14-646715

  8. #9688
    Quote Originally Posted by Serendib View Post
    Cancellation of the four-Airbus-A350-900 leases and the downfall of SriLankan

    http://www.ft.lk/opinion/Cancellatio...ines/14-646715
    This is the same guy who was having spitting competition with current CEO in DM. He assumes that profit can be made on A350s...if loses are made on FRA on lower lease cost of A332s I am not sure how you can make profit on A350s (where leases signed by previous management is far higher than market value)

    He also assume that Oil prices are low...Today it is 3 year high...WTI trading at $63 and Brent trading at $69.

    Problem with UL is the number 7000 and accumulated loses.

    opinion is not more than politically motivated write up.
    Last edited by Speedbird; 09-01-2018 at 09:42 PM.

  9. #9689
    Quote Originally Posted by Speedbird View Post
    This is the same guy who was having spitting competition with current CEO in DM. He assumes that profit can be made on A350s...if loses are made on FRA on lower lease cost of A332s I am not sure how you can make profit on A350s (where leases signed by previous management is far higher than market value)

    He also assume that Oil prices are low...Today it is 3 year high...WTI trading at $63 and Brent trading at $69.

    Problem with UL is the number 7000 and accumulated loses.

    opinion is not more than politically motivated write up.
    Agree with you 100%.

  10. #9690
    Quote Originally Posted by Speedbird View Post
    This is the same guy who was having spitting competition with current CEO in DM. He assumes that profit can be made on A350s...if loses are made on FRA on lower lease cost of A332s I am not sure how you can make profit on A350s (where leases signed by previous management is far higher than market value)

    He also assume that Oil prices are low...Today it is 3 year high...WTI trading at $63 and Brent trading at $69.

    Problem with UL is the number 7000 and accumulated loses.

    opinion is not more than politically motivated write up.
    http://www.dailymirror.lk/143637/No-...rmanship-Ajith

  11. #9691
    The only first correct decision said by Mr.Dias being the chairman as of now.

  12. #9692
    Quote Originally Posted by Speedbird View Post

    Problem with UL is the number 7000 and accumulated loses.
    Don't forget:-

    The impossiblity to make money operationally due to the high leasing costs.

    Forward liabilities of at least $2 Billion (losses over the remaining terms of the leases + 4 A350 that still need to be paid for).

    Not sure why this "re-structuring" keeps coming up - they've already tried to change the terms of the leases and cancel the 4 remaining A350. I imagine those were very short meetings!
    Always fly a stable approach - it's the only stability you'll find this business

  13. #9693
    Quote Originally Posted by ejanson65 View Post
    Don't forget:-

    The impossiblity to make money operationally due to the high leasing costs.

    Forward liabilities of at least $2 Billion (losses over the remaining terms of the leases + 4 A350 that still need to be paid for).

    Not sure why this "re-structuring" keeps coming up - they've already tried to change the terms of the leases and cancel the 4 remaining A350. I imagine those were very short meetings!
    Those remaining A350s due to come in 2020 are cancelled or are to be cancelled or will UL take them?

  14. #9694
    Quote Originally Posted by Haleef View Post
    The only first correct decision said by Mr.Dias being the chairman as of now.
    https://www.colombotelegraph.com/ind...t-by-25th-jan/

  15. #9695
    does anyone know why 4R-ALP is inactive since the 8th of Jan?

  16. #9696
    Sri Lanka's national air carrier SriLankan Airlines is going to increase the frequency of flights to South Indian City Hyderabad with Daily Service, from 25th March 2018.

    Hyderabad is the capital of Telangana in Southern India, located on the banks of the Musi River and on the Deccan Plateau. Hyderabad and Secunderabad are "twin cities" near Hussain Sagar Lake.

    However, SriLankan Airlines is doing a reduction in the frequency of flights to other destinations. Kunming is going to be terminated, Flights to Gan and Seychelles are going to be reduced from four flights a week to three flights a week from early March 2018.

    In Summer 2018, SriLankan continuing to operate Single Daily flights to Abu Dhabi, Bahrain, Dhaka, Guangzhou, Jakarta, Jeddah, Karachi, Kuwait, London, Madurai, Melbourne, Muscat, Riyadh, and Trivandrum. Chennai is handling most of the SriLankan Airlines flights after SriLankan's hub Colombo as SriLankan is operating five daily flights to Chennai. SriLankan Airlines is flying 27 flights to Male', Three Daily flights to both Bankok and Singapore, Double Daily flights to Bengaluru, Delhi, Kuala Lumpur, Mumbai, and Trichy. SriLankan Airlines is flying Kochi with 13 flights per week, Doha & Dubai with 11 flights per week, Hong Kong with five flights per week, Beijing, Coimbatore, Dammam, Shanghai, Tokyo, and Visakhapatnam with four flights per week, Kolkata, and Lahore with three flights per week.

    As of Jan 2018, SriLankan Airlines is operating aircraft fleet consists of two A320neo's, six A320ceo's, three A321ceo's, three A321neo's, six of A330-243s and seven A330-343s. The airline is due to take another A321neo in next couple of months.

  17. #9697

    Post

    Quote Originally Posted by Haleef View Post
    Those remaining A350s due to come in 2020 are cancelled or are to be cancelled or will UL take them?
    The press keeps getting this wrong:-

    1 order for 4 A350 via Aercap. Order cancelled and 3 out of 4 built. These aircraft are parked in Toulouse.

    1 order for 4 A350 directly from airbus. This is still pending (U$ 800 million still to be paid). Unclear how much has already been paid.

    Attempts have been made to cancel/change this order - no results. The only thing that makes sense is that this order once again has no termination clause.

    What is needed are arrests - not another Commission!

    There have to be signed documents at the UL office with names on them - good place to start!
    Always fly a stable approach - it's the only stability you'll find this business

  18. #9698

  19. #9699
    Quote Originally Posted by ejanson65 View Post
    The press keeps getting this wrong:-

    1 order for 4 A350 via Aercap. Order cancelled and 3 out of 4 built. These aircraft are parked in Toulouse.

    1 order for 4 A350 directly from airbus. This is still pending (U$ 800 million still to be paid). Unclear how much has already been paid.

    Attempts have been made to cancel/change this order - no results. The only thing that makes sense is that this order once again has no termination clause.

    What is needed are arrests - not another Commission!

    There have to be signed documents at the UL office with names on them - good place to start!
    Wow. I hope something good happens, or else UL will fall back to square one paying more and more money.

  20. #9700
    Quote Originally Posted by Serendib View Post
    Govt. calls for EOIs to operate domestic flights

    http://www.ft.lk/front-page/Govt--ca...ghts/44-647054
    Which airlines are operating scheduled flights to Jaffna & Trincomalee from Colombo? Where does FitsAir operating its 12 seater Cessna Caravan-208B (4R-EXL) ?

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