News
SriLankan to be grilled by COPE next Monday

The senior management of SriLankan Airlines had been summoned before the COPE to inquire into its current performance, COPE Chairman Prof. Charitha Herath said.
SriLankan Airlines is scheduled to appear before COPE next Monday (25) at 10.00 am.
The Chairman of COPE stated that the SriLankan management will also be questioned about its bidding process for the lease of 21 aircraft that made headlines recently.
Sri Lanka’s national carrier, SriLankan Airlines, announced, on 14 April, that it had made four requests for proposal (RFPs) to lease up to 21 aircraft to support its long-term business strategy.
The airline announced that the order included two RFPs covering existing fleet types (320 and 330 family aircraft) and two parallel RFPs to compare with alternative aircraft types.
Roughly 60 percent of the planned aircraft will be for fleet replacement, and the remainder would be to support the airline’s expansion strategy and meet the growing demand for air travel between Sri Lanka and the world, it said.
In 2019, SriLankan had an all-Airbus fleet of 27 wide and narrow-bodied aircraft to service its short and long-haul operations.
The airline said that during the pandemic there were no replacements for three aircraft that left the fleet.
The airline currently has 24 aircraft to operate to 40 destinations in 25 countries.
Issuing a press release SriLankan said it was planning for measured growth in the next three years through frequency increases and the addition of new destinations as international travel is in a trajectory of recovery from the pandemic.
The business plan of the airline necessitates a 35-aircraft-strong fleet by 2025.
Additionally, it is critical to lease replacement aircraft when existing aircraft leases expire to sustain operations. Considering these factors, SriLankan plans to lease up to 21 aircraft from the forthcoming RFP process, the airline said.
News
Cabinet nod for new Commercial High Court

The Cabinet of Ministers approved the proposal presented by the Minister of Justice, Prisons Affairs and Constitutional Reforms to establish a new Commercial High Court to ensure expeditious disposal of the existing backlog of commercial matters.
The new Commercial High Court will be established at No.80, Justice Avenue, Colombo 12
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219.72 Hectares of land in Siyambalanduwa to be acquired and leased to Sustainable Energy Authority

The Cabinet of Ministers approved the proposal presented by the Minister of Power and Energy on the recommendation of the Ministry of Tourism and Lands, to acquire 219.72 hectares of land in Siyambalanduwa Divisional Secretariat Division of Monaragala District and lease the relevant extent of land on a long-term lease basis for a period of 25 years to the Sustainable Energy Authority, with relevant provisions to enable sub-leasing to a selected renewable energy developer.
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Chemicals to be regulated to prevent misuse

The Cabinet of Ministers approved the proposal presented by the President in his capacity as the Minister of Defense to make arrangements to regulate chemicals that could be misused, and to transfer the said regulatory role to the National Authority for the Implementation of the Chemical Weapons Convention.
Among the large number of different chemicals that are used in the country for peaceful purposes such as industrial, agricultural, medical and research activities it has been observed that among those chemicals, chemicals like Nitric acid, Chlorine, Hydrogen Peroxide, Potassium Cyanide, sodium cyanide, Nitro Methane and Sodium Azide are of dual use nature which can be used in many different industries such as milk, beverages, oil-related industries, water purification etc. can be used for harmful activities that threaten national security.
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