Sri Lanka negotiating with Emirates to buy national carrier stake
Fri, February 19 2010 15:45 | 543 Views
Emirates owns a 43.6 per cent stake in Sri Lankan which it bought during a privatization drive in the 1990s. Sri Lanka's government owns a majority 51 per cent of the airline and employees the balance.
"The government had decided to purchase (the Emirates stake)," Wickremasinghe said. "They are negotiating," he added. Bloomberg newswires quoted Emirates as saying that Sri Lanka has been looking at the possibility of increasing their share in SriLankan Airlines.
Source:
Business in Asia Today - Feb.19, 2010
published by Asia Pulse
Editor: Ricka
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