The Cabinet of Ministers has decided to terminate the current sale process of SriLankan Airlines, according to the State-Owned Enterprises Restructuring Unit. The government plans to adopt an alternative strategy, which will be determined soon, to divest the airline based on a new framework approved by the Cabinet. Initially, six parties responded to the call
Japanese investors have shown a keen interest in introducing Japan’s latest technology into training programs for Sri Lanka’s maritime and aviation sectors. They also inquired about current investment and entrepreneurship opportunities in these sectors, expressing confidence that the skills and potential of Sri Lankan youth in modern technology could be greatly enhanced through successful implementation.
Sri Lanka will transfer the operations of its Chinese-built Mattala Rajapaksa International Airport to a consortium of Indian and Russian firms, despite warnings from the United States about sanctions on a key stakeholder of the Russian company involved, according to the island’s Aviation Minister. A joint venture between India’s Shaurya Aeronautics Pvt Ltd and Russia’s