Mihin loses Rs. 83 mn in three weeks

Since its re-launch on January 1, Mihin Lanka has made some serious waves in the national pocketbook: think a tsunami hitting the Treasury coffers with unprecedented force.
The airline has surpassed the expectations of all its opponents as well as The Sunday Leader, by losing a record sum of money in just 23 days. The airline has lost Rs. 83 million in its operations insofar.
With over a week left to go before January is over, Mihin Lanka is well on its way to losing over Rs. 100 million in its first month of operations - breaking its own world record for most disastrous state owned excuse for a budget airline.
Yet despite all its woes, Mihin Lanka has just paid a Rs. 4 million \"advance\" to the Triad advertising agency for its publicity campaign for January. The success of this campaign can be judged from the fact that in the last week, not one of its flights was more than half full.
In fact, four flights to Trivandrum were cancelled due to a lack of passengers in both directions. These frequent cancellations have left the Indian civil aviation authorities irate, and a Mihin Lanka official told The Sunday Leader that the airline\'s management has been spooked by the possibility of having its landing rights in India revoked - a move that would restrict the airline\'s budget flights to Dubai alone.
25/01/0Lanka 9 Everything

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Categories: Foreign Jan 2009, Low Cost General Jan 2009