Restructuring of the national carrier will take place with the new Board coming up with a strategic plan to revive the airline after the festive season, Public Enterprises and Kandy Development Minister Lakshman Kiriella told Business Observer.
We are in the process of finding a strategic partner to invest in the airline and turnaround the company from a loss-making entity to a profitable establishment, the Minister said.
Refuting views that the plans to revive the airline has been dragging too long, the Minister said restructuring of a company that was thrown into the doldrums by the former regime who swindled the assets of the company, is no easy task. We need time as such a major task cannot be accomplished overnight.
A new Board o…
Read the full article at: http://www.sundayobserver.lk/2018/04/15/business/srilankan-airlines-new-board-fast-track-restructuring-process