Sri Lankan Airlines looks for external sources to stay afloat
The cash strapped airlines posted a Rs.2.6 billion loss, and is turning to both the government and external funders in order to keep the company running.
Initially, the Civil Aviation Ministry of Sri Lanka sought an allocation of US$500 million over a period of three years for the airline from the budget. The Ministry also asked for US$20 million each over a period of three for Mihin Lanka, a wholly government owned enterprise which has made a loss of Rs.7 billion since its founding in 2007.
