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SriLankan Airlines to undergo restructuring, not sale – Minister of Ports, Shipping and Aviation
Minister of Ports, Shipping, and Aviation Nimal Siripala de Silva addressing the press briefing titled “Collective Path to a Stable Country” at the Presidential Media Centre (PMC) today (03), affirmed that Sri Lankan Airlines will undergo restructuring instead of being sold.
He emphasized that according to existing regulations, only up to 49% of the airline’s shares can be transferred to another entity, but no suitable investor has expressed interest thus far.
The Minister said that there has been minimal global interest in this opportunity, with only six individuals expressing interest, none of whom were deemed suitable. Even if we were to extend this opportunity to a Sri Lankan entrepreneur, their capabilities would need to be demonstrated.
He also said that the Japan International Cooperation Agency (JICA) is set to discuss the resumption of their projects next week, marking another advantage of debt restructuring. Despite interest from Chinese firms in the airport project, contractual obligations with Japan stipulate that the contracts should be awarded to Japanese companies.
The minister also announced that the management of the financially burdened Mattala Airport will soon be entrusted to a joint venture between Russia and India.
Development at the Kankesanthurai port is progressing with assistance amounting to USD 69 million from India. During a recent visit to Sri Lanka, Indian Foreign Minister Dr. S. Jaishankar confirmed plans to initiate a ferry service between Sri Lanka and India in the near future.
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Sparkling Aaron George ton seals record chase, powers India into U19 WC final
On a batting beauty at the Harare Sports Club, India’s assembly line of batting talent was out in full splendour in the Under-19 World Cup semifinal. There were two centurions in a statement innings from Afghanistan, but Uzairullah Niazai and Faisal Shinozada’s knocks – glorious as they were – were rendered footnotes by a superb century from Aaron George, who led India’s record chase of 311 with the kind of composure that belied his low scores from earlier in the tournament.
Afghanistan 310/4 in 50 overs (Faisal Shinozada 110, Uzairullah Niazai 101; Kanishk Chouhan 2-55, Deepesh Devendran 2-64) lost to India 311/3 in 41.1 overs (Aaron George 115, Vaibhav Sooryavanshi 68, Ayush Mhatre 62; Nooristani Omarzai 2-64) by 7 wickets.
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Pakistan PM Sharif on India boycott: ‘A very considered stance, and we should completely stand by Bangladesh’
Shehbaz Sharif, the Pakistani Prime Minister, has said Pakistan’s decision to boycott the game against India at the men’s T20 World Cup 2026 was a show of solidarity with Bangladesh, after their removal from the tournament.. It is the first time any official from either the Pakistan state or the PCB has publicly touched upon the reasons for the boycott.
“We have taken a very clear stand on the T20 World Cup that we won’t play the match against India because there should be no politics on the sports field,” Sharif told members of his cabinet on Wednesday. “We have taken a very considered stance, and we should completely stand by Bangladesh, and I think this is a very appropriate decision.”
The Pakistan government put out a post on Sunday saying that while the team would participate in the T20 World Cup, it would not take the field in the February 15 group game against India. The post, which came after a week in which Pakistan’s participation in the tournament had become uncertain, did not give any reason for the decision.
The PCB has not spoken publicly on the matter, but the ICC issued a response a few hours after the X post, in which it said it hoped “that the PCB will consider the significant and long-term implications for cricket in its own country as this is likely to impact the global cricket ecosystem, which it is itself a member and beneficiary of.”
It is not known whether the PCB has officially notified the ICC, or whether there has been any contact between the two bodies. The ICC had said that it “expects the PCB to explore a mutually acceptable resolution, which protects the interests of all stakeholders.”
The Prime Minister’s comments confirm, however, that the boycott decision is linked to what the PCB chief Mohsin Naqvi – the interior minister in Sharif’s government – called the ICC’s double standards in excluding Bangladesh from the T20 World Cup.
Bangladesh were replaced in the world event after their government refused to let the team travel to India, where they were based for their games. The government, citing security concerns, wanted Bangladesh to play their games instead in Sri Lanka, the co-hosts for the event, and where Pakistan will play all their games.
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