SriLankan Airlines lost Rs. 528bn since Emirates deal ended over personal dispute: President
Photo: NewswireAI summary · 1 min read
1 min readFrom 1 outlets- Newswire reports that Dissanayake made the remarks during the 2027 Budget Speech in Parliament on November 12.
- Newswire says Emirates’ management agreement concluded in March 2008, following a 10-year partnership.
- Newswire reports that the Sri Lankan Government took over management of the airline after the agreement ended.
Newswire reports that President Anura Kumara Dissanayake told Parliament on November 12 that SriLankan Airlines had accumulated losses of Rs. 528 billion from 2008 onward. The remarks came during his 2027 Budget Speech.
Newswire reports that Dissanayake attributed the losses to the termination of SriLankan Airlines’ management partnership with Emirates. He said former President Mahinda Rajapaksa had ended the arrangement over a personal issue.
Newswire says the Emirates management deal ended in March 2008, after the two sides’ partnership had lasted 10 years. It reports that the Sri Lankan Government assumed responsibility for managing the national carrier following the agreement’s conclusion.
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