News
Peter Hill back in Sri Lanka to run privately-owned airline profitably
By Sanath Nanayakkare
Peter Murray Hill, who was CEO at SriLankan Airlines when it was under Emirates management and ran the now loss-making airline profitably from March 1998 to December 2007, is now back in Sri Lanka to propel FITSAir – a truly Sri Lankan Airline owned by Sri Lanka’s Aberdeen Holdings Group.
Announcing FITSAir’s starting with Colombo- Dubai journey – three times a week from 5th of October- the Airline has already scheduled its flights to the Maldives and Trichy also, and has plans to expand its services in a sustainable way as the demand evolves, taking one step at a time.
Speaking at a press briefing to announce the Airline’s plans, what it offers and its goals, Hill said, “FITS is not a new airline. Sri Lanka’s Expo Aviation which was founded 25 years ago as a privately owned carrier is the beginning of this story. They operated international cargo charters to the Maldives, Pakistan, Thailand and a number of other places. They were pretty successful at that. It was a small operation which was profitable. During the northern conflict, it was difficult to get to places like Jaffna and FITSAir came along and they provided a unique link between the North of the country and Colombo. Expo Aviation gave way to a rebranded operation under the name of FITS Aviation Pvt. Ltd in March 2013 and that’s where FITS Air came to be as part of Aberdeen Holdings Group which operates unique businesses within the group.
“FITSAir continued to operate successful cargo operations during the Covid period which provided a vital link predominantly between Colombo and the region. They catered to their export markets and also brought in medical supplies from countries such as Hong Kong and Thailand. They are still doing that today.”
“In fact, we spent last 12 months developing a regional scheduled passenger airline. We are aiming to provide affordable travel between SAARC nations, the Gulf Council Countries (GCC) and South East Asia, all based here in Colombo. Our mission is to provide sustainable, affordable air travel on a no-frills basis to customers wanting to travel, within the region for work, for pleasure, leisure, business, education and the list goes on. Today everybody is looking for affordable air travel. The key driver here is affordable fares. We will make sure that we provide reliable schedules to destinations which have constant demand that enable us to sustain our services throughout the year. We won’t be going to one-off places on seasonal demand. That is not our focus. Our team today comprises a rare breed of seasoned professionals working alongside a new generation of fresh faces. They are fully qualified, ambitious newcomers. One key thing I want to stress here is; all on the team are Sri Lankans with two exceptions including myself and another one who has been in Sri Lanka even longer than me. And he will be running the engineering department. We are both pretty well-known in the industry. FITS Air is a truly Sri Lankan company and a true Lankan product because the key market for us is the local market; Sri Lankans travelling to regions and people coming to visit Sri Lanka within the region. We want to show that in these very challenging and difficult times, the private enterprises in Sri Lanka are still capable of achieving remarkable results by dint of honest, hard work, proper resources and exceptional team work. Anybody who has known me over the years would know that I am very good at developing passionate and hardworking teams. That will drive this airline too. I am very confident about that. When you travel with us you will see the efficiency of our team work. There is nobody special on our team. I am also an ordinary member of the team.”
“We are starting with Dubai three times a week which begins on 5th of October. We are travelling to the Maldives three times a week- starting on 10th of October. Later in October we will be starting our first flight to Southern India. We have decided on Trichy three times a week from 28th of October.
“Our main line flights will be operated by Airbus A 320, which will offer economy class seating. And for a few people who want to have a little bit better comfort, we offer a small cabin which is called Economy Plus. Anyway Economy is the word here. We are not going for business class. We will be offering a no-frills product at very competitive prices. We are restricting ourselves to basically SAARC, GCC and South East Asia. We are not looking to fly to exotic destinations outside of the region. The airline is 100% privately-owned, and no funding from the government whatsoever.”
News
CEB engineers raise alarm over power sector stability
A senior electrical engineers attached to the Ceylon Electricity Board (CEB) have warned that unresolved structural and policy issues within the power sector could threaten the long-term stability of the national grid, urging authorities to act swiftly to address mounting technical and administrative concerns.
Speaking on condition of anonymity, they said the electricity network was operating under increasing strain due to delayed infrastructure upgrades, financial constraints, and growing demand.
“The national grid is not something that can be managed casually. It requires systematic planning, preventive maintenance, and timely investment. If these are compromised, the risk to system stability increases,” the engineers said.
They noted that several transmission and substation modernisation projects were behind schedule, while ageing thermal plants continued to shoulder a significant portion of the country’s base load demand.
“Engineers are committed to ensuring an uninterrupted supply. But professional expertise must be respected in decision-making. Technical matters cannot be subjected to short-term political considerations,” the engineers added.
Meanwhile, the powerful Ceylon Electricity Board Engineers’ Union (CEBEU) echoed similar concerns, warning that failure to address long standing professional and structural issues could have serious consequences for the power sector.
In a statement, the CEBEU has said that engineers have repeatedly called for reforms that safeguard the integrity of the utility and ensure that operational decisions remain grounded in technical evaluation.
“The electricity sector is a critical national asset. Any attempt to weaken institutional safeguards or bypass professional consultation will directly impact service reliability and long-term sustainability,” the union said.
The CEBEU has stressed the importance of transparent engagement between policymakers and technical personnel, noting that morale among engineers could be affected if their concerns continue to go unheard.
Industry analysts point out that the power sector plays a central role in Sri Lanka’s economic recovery efforts, particularly as the country seeks to expand industrial activity and attract investment. Stability in electricity supply remains a key determinant of business confidence.
The senior engineer stressed d that the objective of raising concerns is not confrontation but preservation of the grid’s integrity.
“Our responsibility is to the public. Electricity powers hospitals, industries, and homes. Safeguarding the system is a national duty,” he said.
With tensions simmering within the sector, stakeholders say meaningful dialogue between authorities, engineers, and trade unions will be crucial in ensuring that Sri Lanka’s power infrastructure remains resilient in the face of growing challenges.
By Ifham Nizam
News
CB identifies 24 pyramid scams in Sri Lanka
The Central Bank (CBSL) yesterday announced that investigations had identified 24 companies and applications operating prohibited pyramid schemes.
In a public notice issued under Section 83C of the Banking Act, No. 30 of 1988 (as amended), the CBSL said the following entities had been “ascertained and determined as prohibited schemes”: Tiens Lanka Health Care (Pvt) Ltd, Best Life International (Pvt) Ltd, Mark–Wo International (Pvt) Ltd, V M L International (Pvt) Ltd, Global Lifestyle Lanka (Pvt) Ltd, Fast3Cycle International (Pvt) Ltd, Sport Chain App / Sport Chain ZS Society Sri Lanka, OnmaxDT, MTFE App / MTFE SL Group / MTFE Success Lanka / MTFE DSCC Group, Fastwin (Pvt) Ltd, Fruugo Online App / Fruugo Online (Pvt) Ltd, Ride to Three Freedom (Pvt) Ltd, Qnet / Questnet, Era Miracle (Pvt) Ltd and Genesis Business School, Ledger Block, Isimaga International (Pvt) Ltd, Beecoin App and Sunbird Foundation, Windex Trading, The Enrich Life (Pvt) Ltd, Smart Win Entrepreneur (Pvt) Ltd, Net Fore International (Pvt) Ltd / Netrrix, Pro Care (Pvt) Ltd and Shade of Procare (Pvt) Ltd, SGO / sgomine.com and I.C.A.N Advertising (Pvt) Ltd and its affiliates icanonlineadvertising.com, bannercuts.com, bannercuts.lk, bannercuts.net and bannercuts.org
The CBSL said pyramid schemes, also referred to as multi-level marketing or direct selling schemes in certain instances, operate as recruitment-based programmes in which members enlist others into an expanding “downline” structure resembling a chain letter.
Under such arrangements, a portion of the fees paid by new recruits is channelled upwards to earlier participants, known as the “upline”, who are fewer in number.
The Central Bank warned that such schemes are inherently unsustainable, with the vast majority of participants at the lower tiers eventually losing their investments, while only a small number of early entrants are able to recover or profit from the funds contributed by subsequent recruits. It noted that when a pyramid scheme collapses, up to 99 per cent of those in the lower levels risk losing their money.
News
Church urges patience, warns against interference with Easter attacks probe
Director of Communications for the Archdiocese of Colombo, Rev. Fr. Cyril Gamini Fernando, yesterday expressed confidence that ongoing investigations into the 2019 Easter Sunday terror attacks would yield meaningful results and urged the public and all stakeholders to exercise patience and allow the probe to proceed independently.
Addressing a media briefing in Colombo yesterday, Fr. Fernando called on all parties to refrain from interfering with the investigations, warning that any attempt to obstruct the process would amount to a grave injustice to the victims.
He said he believed there was credible evidence to warrant the arrest of military intelligence veteran Maj. Gen. (Retd.) Suresh Sallay.
Referring to the coordinated bombings on April 21, 2019, which targeted churches and hotels and claimed nearly 300 lives, Fr. Fernando described the attacks as a “barbaric” act and a “massacre” that killed worshippers attending Easter services as well as individuals from different religious and ethnic communities.
By Norman Palihawadane
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