27-03-2017 12:50 PM
TPG group has been involved in a number of questionable deals.
Originally Posted by lordvader
It doesn't really matter - the high lease rates on the UL fleet make it impossible to ever make money. Makes no difference who's running things.
Always fly a stable approach - it's the only stability you'll find this business
27-03-2017 05:04 PM
I agree. The rumour about a connection between TPG and Perpetual Treasuries was some slanderous nonsense... TPG is a huge global entity with enough power on its own. TPG is also one of the cleanest and most successful Private Equity firms, around... their successful buyout and turnaround of Continental Airlines in the 90s was phenomenal, and although they weren't quite able to reverse the fortunes of Midwest Air Group after they bought that company in the 2000s, they, at least, did manage to find another buyer for Midwest, later. Speaking of the Midwest Air Group purchase - TPG partnered with Northwest Airlines (who were a passive co-investor) during that deal... so, maybe, something like that can happen if/when there is a deal for UL. Of course, any deal is contingent on how TPG's Due Diligence on UL goes, and whether the final offers by TPG and the GOSL will be attractive to both of these parties. Maybe, some equity in Sri Lankan airports (or, in any future domestic carrier) could be put on the table, too...
Originally Posted by lordvader
On another issue - if it is determined that UL have to abide by the decision to extend the leases of the three oldest 332s (which I assume are ALA, ALB, and ALC), does anyone know for how much longer those 332s will have to stay in the fleet?
Last edited by quickingleyero; 27-03-2017 at 06:08 PM.
28-03-2017 02:36 AM
thanks for your comment.
Originally Posted by banuthev
other suggestions also welcome
28-03-2017 08:58 AM
Is it true windscreen of SriLankan's Singapore bound aircraft was damaged yesterday? Has it been repaired? When its going to return to Colombo?
28-03-2017 11:23 AM
EU & South Asia launch civil aviation partnership
The European Union (EU) and eight South Asian states have started a four-year civil aviation cooperation, aimed at improving safety and strengthening technical ties.
The project, which launched March 24, is being managed by the European Aviation Safety Agency (EASA) and will cover safety, industrial links and environmental impact.
Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka are all participating in the project.
EASA executive director Patrick Ky said the partnership aims to tackle the opportunities and challenges of South Asia’s traffic growth, which is expected to be the highest in the world over the next 20 years.
“The project will also promote technical cooperation at the regional level and enhance EU-South Asia policy dialogue. The €7.5 million ($8.1 million) project is funded by the European Union,” EASA said.
28-03-2017 02:31 PM
Originally Posted by CSButterflyeffect
This is not about booking, but one big deficiency is "Flight Status" in both website and app. Usually when you ask for flight information it gives 4 important information. Scheduled departure time, scheduled arrival time, actual or estimated departure time and actual or estimated arrival time. But UL only gives either departure or arrival times. Also the status is indicated with 3 letter code and no one knows what it is!
Last edited by CalgaryLankan; 28-03-2017 at 02:36 PM.
Srilankan airlines started additional cmb hkg non stop with A321 air craft
Is SriLankan Airlines going to get new A330s having released old ones......
There is a rumour UL agreed with Aercap to take delivery of an A330 and extend the lease of an A330 in current fleet during the cancellation of 3 x A359 order.
Originally Posted by harshaprageeth17
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