After millions of dollars of losses, the Sri Lankan government has finally decided to close down failing airline Mihin Lanka this week.
"By the end of the year, there will be no Mihin Lanka and we (SriLankan airlines) will be servicing the routes they operated," said SriLankan airlines chairman Ajith Dias, after stating losses of $117 million had been piled up.
Mihin Lanka, which was launched in 2008 and flies to several international locations, is now expected to stop its flights by the end of this year, with SriLankan airlines taking over.
SriLankan airlines though faces its own financial turmoil, with an estimated debt of $3.2 billion.
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