06 August 2013
Sri Lanka’s national carrier, SriLankan Airlines, is holding discussions with German aviation giant Lufthansa, over the planned Maintenance, Repair and Overhaul (MRO) facility planned in the Mattale Rajapakse International Airport.
The firms are in talks to set up a joint venture, which is expected to earn annual revenue of US $ 100 million by carrying out over 110 repairs, according to Cheif Executive Kapila Chandrasena.
"The investment will be US $ 14 million. What we are trying to do is to leverage Lufthansa's expertise. The majority of the investment will be borne by them," Chandrasena said.
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