`Mihin Lanka may take over Indian routes from SriLankan Airlines:' Gunawardena

Mihin Lanka, the Low Cost Carrier (LCC) of Sri Lanka and a wholly owned subsidiary of the government is likely to take over some of the Indian routes from SriLankan Airlines, the national Full Service Carrier (FSC). This move could be the result of the Sri Lankan government's proposed buyout of Emirates Airlines stake in the national carrier, SriLankan Airlines and likely subsequent restructuring of the airline. Tim Clark, President, Emirates Airlines had recently announced that the airline was considering selling its holding in SriLankan Airlines once its 10 year management contract with the latter ended on March 31, 2008. The Sri Lankan government has announced that it will take over the management of SriLankan Airlines from April 1, 2008.
Speaking to TravelBiz Monitor, Sajin De Vass Gunawardena, CEO, Mihin Lanka, said "I will put forth a written proposal to place the two airlines under one umbrella, as it has been done with Indian and Air India in India. It will then be left to the Board of Directors of the two companies to work out the details." According to him, these airlines would work as two independent companies but would rationalise their routes and in all likelihood, the government would continue with the management of both the airlines.
14/01/08 TravelBizMonitor

To Read the News in full at Source, Click the Headline

Categories: Foreign Jan 2008, Low Cost General Jan 2008, New Jan 2008