Connect with us

News

Proposed privatisation of SriLankan in line with IMF remedy – CEO

Published

on

Richard Nuttall

SriLankan Airlines CEO Richard Nuttall has declared that the Wickremesinghe-Rajapaksa government intends to privatise several state-owned enterprises, including SriLankan as part of the International Monetary Fund (IMF) programme.

Asian News International quoted Nuttall as having said on Wednesday (13): “The government is trying to privatise a number of state-owned enterprises as a part of the

IMF programme that it’s going through. One of those is SriLankan Airlines.”

Nuttall said that one of the steps taken in that direction is the government helping with the balance sheet which would be completed in a month or two.

“There are two parts to that. One is, the government working to help us with our balance sheet and a lot of work has gone on with that and we expect that to be finished in the next one or two months,” the CEO said.

Nuttal said that the airline is also looking for an investor, three candidates have been finalised and the government is in talks with them.

“And then the other side is looking for an investor. Expressions of interest were completed in April and there were six candidates. That’s now been whittled down to three. So the government is now talking to three different entities and we’ll see what happens from there,” he said.

The CEO shared that no Indian company has showed interest in investing in SriLankan Airlines but one of the consortiums have some Indians in them.

“There’s no Indian company, but one of them is a consortium that we understand has some Indian,” Nuttar said.

Replying to a question about the updates on the expansion plan of Sri Lankan Airlines, Nuttall said, “At the moment, our fleet is 21. We’re hoping for it to grow. It should grow to 22 next month. We’re looking to get another three aircraft within the coming twelve months, so that would take us to 25. So if you look, we’ve also got a couple of aircraft that we’re replacing with engines. So that’s about 50 per cent growth by the end of this year.”

The CEO said that the expansion will be from increased frequencies to existing destinations rather than adding new destination cities. “And I think most of the expansion that we’ll get from that will be not new cities, but it will be increasing frequencies to existing destinations, particularly in India and Southeast Asia,” he added.

Nuttall said that during economic downturn that the country is currently facing, more people tend to go and work overseas which in turn helps the airline.

“If one looks at Sri Lanka, two of the biggest sources of currency for the country come from the diaspora, Sri Lankans working abroad and tourism. So actually when you have an economic downturn, more people go overseas. So it’s a natural hedge. So for the airline that’s good and we can support the economic development of the country by supporting the people that want to go and work overseas,” the CEO said.

Nuttal highlighted that the tourism sector has recovered and back to pre-COVID times. He added that the Indian market has trebled in the last year.

“When it comes to tourism, actually tourism has come back really, really quickly to Sri Lanka. So tourism is now back where it was pre-COVID. And if we look at the Indian market, the Indian market has I think trebled in the last twelve months. We were doing roughly 1,012 thousand a month last year and now we’re up closer to 40,000,” the CEO said.

“And the Indians are just over 20 per cent of the tourists that comes to Sri Lanka. And you know, realistically, when we look at the size of the population here and we look at the growing economy, we think that 40,000 a month is just the tip of the iceberg. We think that number could grow,” Nuttal added.



Latest News

486 dead, 341 missing, 171,778 displaced as at 0600hrs today [05]

Published

on

By

The situation report issued by the Disaster Management Center at 0600hrs today [5th December] confirms that 486 persons have died and another 341 persons are missing after the devastating weather conditions in the past week.

171,778 persons have been displaced and have taken refuge at 1,231 safety centers established by the government.

 

Continue Reading

News

Media slams govt.’s bid to use Emergency to silence critics

Published

on

Sunil Watagala

Media organisations have denounced Deputy Minister of Public Security and Parliamentary Affairs Sunil Watagala after he urged law enforcement authorities to use emergency regulations to take action against those posting allegedly defamatory content about the President and senior ministers on social media.

The Sri Lanka Working Journalists Association (SLWJA) yesterday issued a strongly worded statement condemning Watagala’s remarks, warning that they posed a direct threat to freedom of expression and media rights, particularly at a time when the country is struggling through a national disaster.

Watagala made the controversial comments on 2 December during a meeting at the Malabe Divisional Secretariat attended by government officials and Deputy Media Minister Dr. Kaushalya Ariyarathna. During the discussion, the Deputy Minister claimed that a coordinated effort was underway to spread distorted or false information about the disaster situation through physical means, social media, and even AI-generated content. He also alleged that individuals based overseas were contributing to such activity.

According to the SLWJA, Watagala went further, directing police officers present at the meeting to treat those posting such content “not merely as suspects but as offenders” and to take action against them under emergency regulations currently in force.

The SLWJA accused the government of abandoning the democratic principles it once campaigned on, noting that individuals who publicly championed free speech in the past were now attempting to clamp down on it. The association said this was not an isolated incident but part of a pattern of growing state pressure on journalists and media platforms over the past year.

It warned that attempts to criminalise commentary through emergency powers especially during a disaster constituted a grave violation of constitutional rights. The union urged the government to respect democratic freedoms and refrain from using disaster-related powers to silence criticism.

In a separate statement, Internet Media Action (IMA) also expressed “strong objection” to Watagala’s comments, describing them as a “serious threat to freedom of expression”, which it said is a fundamental right guaranteed to all Sri Lankan citizens.

The IMA said Watagala’s assertion that “malicious character assassination attacks” were being carried out against the President and others through social media or other media channels, and that such acts should attract severe punishment under emergency law, represented “an abuse of power”. The organisation also criticised the Deputy Minister’s claim that false opinions or misrepresentations whether physical, online, or generated by AI could not be permitted.

Using emergency regulations imposed for disaster management to suppress political criticism amounted to “theft of fundamental rights”, the statement said, adding that the move was aimed at deliberately restricting dissent and instilling fear among social media users.

“Criticism is not a crime,” the IMA said, warning that such rhetoric could lead to widespread intimidation and self-censorship among digital activists and ordinary citizens.

The group demanded that Watagala withdraw his statement unconditionally and insisted that freedom of expression cannot be curtailed under emergency laws or any other legal framework. It also called on the government to clarify its stance on the protection of fundamental rights amid increasing concerns from civil society.

Continue Reading

News

Cardinal calls for compassionate Christmas amid crisis

Published

on

Archbishop of Colombo

Archbishop of Colombo, Cardinal Malcolm Ranjith, has called on Sri Lankans to observe this Christmas with compassion and restraint, as the nation continues to recover from one of its worst natural disasters in recent memory.

In his message, the Colombo Archbishop has highlighted the scale of the crisis, noting that more than 1.5 million people have been displaced, while an “uncounted number” remain buried under debris in the hill country following landslides and severe flooding.

“It is a most painful situation,”

he has written acknowledging the difficulty of celebrating a season traditionally associated with joy while thousands are mourning lost loved ones, living in refugee centres, or left with nothing but the clothes they were wearing.

The Cardinal has urged the faithful to temper excessive celebrations and extravagance, instead focusing on helping those affected. “Celebrate, by all means, yes, but make it a moment of spiritual happiness and concern for the needs of those who suffer,” he said. “Assist as much as possible those who lost their loved ones, their homes, and their belongings.”

He has called for a Christmas marked by love, sharing, and solidarity, describing it as an opportunity to make the season “a deeply spiritual and joyful experience.”

Continue Reading

Trending