Sri Lanka Aviation


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  1. #8901
    Senior Member Haleef's Avatar
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    Rumour: SriLankan might go for A330neos in replacement of the remaining A359 aircraft?

  2. #8902

    Now, from the horse's mouth!

    Quote Originally Posted by Cayman View Post
    EK has its own set of challenges to address at the moment, so it is very unlikely that they will have any interest whatsoever in UL, not to mention the acrimonious separation they had with UL last time around.

    In terms of value proposition, the only real value UL can offer is their rights to fly in to places like China (due to UL's status as a national career). This is only a very remote possibility and even if EK decides to pursue this, it will be EK metal flying around with a UL code share slapped on it (Like EK did on DXB-JFK-DXB back in the mid 2000s)

    Recently EK was banned from expansion in China for 6 months, due to violation of ATC instructions, but that is only a temporary measure. However, the access UL has to China for instance may be of interest to EK.

    Again, this is a very very remote possibility.
    EK denies interest in UL.

    http://www.arabianbusiness.com/no-pl...ms-678256.html

  3. #8903
    Quote Originally Posted by Haleef View Post
    Rumour: SriLankan might go for A330neos in replacement of the remaining A359 aircraft?
    Why does UL need more long haul aircraft when they want expand regionally? Isn't that bad idea to get expensive aircraft like A330neo.

  4. #8904
    Quote Originally Posted by LukeSkywalker View Post
    What little I found on the SLIC deal..... I remember there was some inquiries at that time, but not sure of the eventual outcome. How did Sri Lanka Insuarance fare after this deal?

    The sale of SLIC was conducted by a Tender Board which did not have the approval of the Cabinet. Though Jayawardena’s Aitken Spence, Distilleries and Aitken Spence Insurance were awarded the sale, SLIC was eventually bought over by hitherto unknown offshore companies which were not even evaluated by the Tender Board. One of these companies, Greenfield Pacific Holdings of Gibraltar had not even been in existence at the time the cabinet awarded the shares of SLIC to the Aitken Spence conglomerate

    http://www.nation.lk/2007/05/27/news1.htm
    Well this minor compared some of the other shenanigans...GOSL took over SLIC back

  5. #8905
    Quote Originally Posted by Cayman View Post
    Nothing new here...

  6. #8906

    September deadline for SriLankan - no more bailouts


  7. #8907
    Quote Originally Posted by Speedbird View Post
    That's bankruptcy then - there are no other options.

    The only thing that changes between now and September is several $Million more in losses.

    The moment the GOSL stops putting money in this is finished.
    Always fly a stable approach - it's the only stability you'll find this business

  8. #8908
    http://www.dailymirror.lk/article/MS...es-131283.html

    These are easily obtainable - why the need for a report? Too little to late imho.

    13000pounds - sounds like former CEO Manoj Gunawardene who's been living in London at the expense of the Airline.

    This has been going on for years and now it's suddenly an issue?

    This is all talk - nothing will happen as usual. These people protect each other.
    Always fly a stable approach - it's the only stability you'll find this business

  9. #8909
    Quote Originally Posted by banuthev View Post
    Why does UL need more long haul aircraft when they want expand regionally? Isn't that bad idea to get expensive aircraft like A330neo.
    If I had to guess - this looks like another 12 year contract at above market rates without a termination clause

    The Airline has to pay no matter what - another Epic Fail and a complete disaster.

    Best thing is to close UL down today imho.
    Always fly a stable approach - it's the only stability you'll find this business

  10. #8910
    Quote Originally Posted by Speedbird View Post
    So that means UL is going to close down on bankruptcy?
    Finding different investor is difficult for SL Gov since the almost all of the aircraft have been leased above the market rates and the airline with huge losses.

  11. #8911
    Quote Originally Posted by banuthev View Post
    So that means UL is going to close down on bankruptcy?
    Finding different investor is difficult for SL Gov since the almost all of the aircraft have been leased above the market rates and the airline with huge losses.
    I think the overriding factor is GOSL's insistence on keeping 51% of the airline, effectively reducing the incoming partner to a minority investor. Basically, GOSL wants some dimwitted billionaire to fund their gravy train for the select few, and maintain the statue quo.

    The problem is that those who have billions to spare are not dumb (at least their financial advisers are not).

    IMO, unless GOSL change the way this divestment is fundamentally structured, there will not be any takers.

    Politicians will continue to throw around airline names claiming to be 'in discussion' with them, but like in the case with EK, these claims are just that; claims without substance.

  12. #8912
    TATA Group may buy AI.

    But the trick is they are asking for a 51% CONTROLLING stake.

    Hope those who channel public funds to UL are watching this development and (hopefully) learn from it.

    http://www.financialexpress.com/indu...e-base/729082/

  13. #8913
    Quote Originally Posted by Speedbird View Post
    I also heard that the current UL manager had hired more than 1000 employees with the current operational situation, where they have shelved some European routes etc so one can clearly see that there is no growth in the airline and why should they have hired so many employees.
    So the more they operate the worse the situation would become, if there is one way GoSL could do justice for the taxpayer it would be to bow down and declare bankruptcy.

  14. #8914
    Quote Originally Posted by Mach3 View Post
    I also heard that the current UL manager had hired more than 1000 employees with the current operational situation, where they have shelved some European routes etc so one can clearly see that there is no growth in the airline and why should they have hired so many employees.
    So the more they operate the worse the situation would become, if there is one way GoSL could do justice for the taxpayer it would be to bow down and declare bankruptcy.
    Gents

    I have come to know now from reliable source nothing like bankruptcy have been confirmed for UL. We better wait for official announcement. Lets not believe the rumours and media news for now.

    Hope all go well for our loving national carrier.

  15. #8915
    Quote Originally Posted by banuthev View Post
    Gents

    I have come to know now from reliable source nothing like bankruptcy have been confirmed for UL. We better wait for official announcement. Lets not believe the rumours and media news for now.

    Hope all go well for our loving national carrier.
    Out of Ideas
    Out of Money
    Out of Time

    GOSL and their corrupt cronies have succeeded in making it impossible to turn the Airline around. It doesn't matter what you do at this point - it simply won't change things.

    There is no other option but bankruptcy imho. The Airline is already insolvent (see Weliamuna Report).

    Having experienced several bankruptcies - it's "Business as usual" right up until the moment the doors close. Employees are normally last to know (they read about in the papers the next day...)
    Always fly a stable approach - it's the only stability you'll find this business

  16. #8916

  17. #8917
    Lol - the "Game of Shape"continues....

    What is needed is action - not more empty talk and endless meetings!

    Don't be fooled - these scum are protected at the highest level. There is no other explanation.

    The current GOSL has had 2.5 years to act and has done absolutely nothing. I'm not aware of any action taken against anyone named in the Weliamuna Report.

    The corruption and Racketeering continues unabated at UL - the current management and board are just "enablers".

    These articles make a clear case for shutting this down. Now.
    Always fly a stable approach - it's the only stability you'll find this business

  18. #8918
    https://en.wikipedia.org/wiki/Aegean_Airlines

    Can this kind of thing be a solution for Srilankan??

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