Connect with us

Features

Wrapping up the biography of Jetwing founder, Herbert Cooray

Published

on

Herbert Cooray in his later years

(Excerpted from A Man in His Time: the Jetwing story and the life of Herbert Cooray by Shiromal Cooray)

Standing six feet (180cm) tall and weighing around 220lbs (100kg), Herbert Cooray was a big man in person, as well as in personality. Handsome, despite his habitually casual appearance, his one small vanity was his hair, which remained thick and abundant well beyond middle age. He carried a comb and often used it.

His carriage and mien were such that people rarely failed to notice his presence, yet he was generally quiet and reserved. A business magazine described him as “a gentle, unassuming man with a soft spoken drawl and a charming smile.” If asked for his views, however, or if the matter seemed important enough to demand it, he could be as frank and outspoken as anyone.

Generous to a fault, he was always ready to help anyone in need, whether the petitioner was a friend, a relative, an employee or a complete stranger. Like many charitable people, he did not like to lend money, preferring to make an outright gift of it; he advised his children that, when asked for a loan by anyone, they should offer an amount they could afford to part with forever. He also advised them never to sign any personal guarantee, however pressing the circumstances, and never to violate the laws of the land in order to help somebody or themselves.

Such practical advice was typical of his approach to parenthood; he was not ambitious on his children’s behalf but allowed them to develop their own interests and personalities at their own pace. Praise and blame were both dispensed in moderation. The one thing he insisted on was that Shiromal and Hiran should complete their education.

When asked the question, “For someone who had managed over a dozen hotels singlehanded, and with careful attention to detail, wasn’t it a step in a different direction to relinquish control in the company?” (In fact many entrepreneurs do find it hard to relinquish control). His answer was, “My style of management has always been one of openness and flexibility. Certainly not the pyramid style of management. And I have always worked closely with others, many of them my good friends. So I was never the sole person with all the power. It was a new direction, yes, when my children came in, but the style of management didn’t change at all. I had built up a management team over the years, who could function well with less input from me. I could take a slower role when the children came into the firm, and I enjoyed doing that.”

Herbert encouraged his children to develop their own personalities and not be in his shadow.

Though Herbert worked hard, he made sure to devote time to the care of his family. Sundays were reserved for visits to the children’s grandparents. School holidays meant expeditions with friends to different parts of Sri Lanka, and sometimes abroad as well. He was also a spiritual person though not in the same manner as his wife.

His love of family reflected his own upbringing. He and his mother had always been especially close, and since the old lady had lived to the grand old age of 108, the relationship was also an unusually long one. Recalling his younger days, he liked to speak of the role she had played in shielding him from his father’s wrath in the aftermath of some youthful scrape.

Although he had been a student leader and political activist in his youth, Herbert Cooray was never tempted to involve himself in politics once he had chosen his entrepreneurial vocation. This is not say that he became apolitical with maturity: rather that he regarded his active contribution to politics as completed. As for his own views, he kept those for arguments around the family dining-table, and for deciding how to mark the ballot-paper every election day.

Not currying political favour might have meant missing some lucrative opportunities, but Herbert was all too well aware that such favour often comes with strings attached. Instead, he made it a point that Jetwing should engage with and support national economic and social policy with respect to tourism, the economy and other areas falling within the ambit of the group’s activities with whatever government in power. He was quick to take advantage of investment incentives offered to particular sectors by the government, as a result of which he found himself involved in a diversity of projects outside Jetwing.

Among these was a beautiful commercial orchid plantation he set up at his home during the 1970s, the government of the time trying to promote ‘non- traditional exports: Next, acres of potatoes were farmed on a leasehold land in the remote Knuckles mountain range, a security firm and even a feature film, Dandu Monara which he produced which went on to win many awards.

In 1992, Herbert bought into a finance company. By 1995, he had gained a controlling interest in it. With the help of another young man he saw a great deal of promise in the and he set about turning it into a strong, successful business. Today, Trade Finance and Investments Ltd. is a well-known, profitable and reputable part of Sri Lanka’s financial landscape, and is listed on the Colombo Stock Exchange.

The Central Bank of Sri Lanka has commended the company for the exemplary manner in which it is run. As a result of the financial sector consolidation plans of the Central Bank of Sri Lanka, the shares of the company have just been divested to another party in 2014, in keeping with the regulations of the Central Bank of Sri Lanka.

Herbert Cooray was a man of his time and one ahead – a time when deals were made over a beer or a glass of whiskey and sealed with a handshake. Businessmen of his generation relied far more on their intuition than the managers of today, whose decision-making is supported by powerful analytical and predictive tools, information technology and teams of highly-qualified specialists. Today’s decision-makers are certainly more fully informed than their predecessors, but it is arguable whether or not they are better informed as anyone who has ever had to make an important decision quickly can testify, too much information – too many items to consider – can impede thought rather than facilitate it.

Entrepreneurs in Herbert’s day often had to guess and finesse their way through a project or deal. In the process they acquired a sort of businessman’s intuition, sensitivity to situations and nuance of character that often produced results as good as ‘by-the-numbers’ decision -making we practice in the 21st century. Entrepreneurs have been described as “driven, creative individuals [who] know plenty about battling adversity. They have overcome infrastructure and regulatory hurdles to start their businesses. Often they’ve fulfilled an unsatisfied demand and in many cases, actually built demand by introducing new products to the market.” This is true of Herbert too.

Of course- one could guess wrong. Herbert, no less fallible than the next human being, made his own errors of judgment. He was once used by the new board of directors of an under-par hotel in which Jetwing had a stake: Herbert had brought his people in and turned the hotel round, but was then coaxed to sell the Jetwing stake to the incoming board in exchange for the promise of a long-term management contract. The shares changed hands in a transaction greatly to the new directors’ advantage, but the management contract never materialized.

He made other errors too, and at times was simply overtaken by events. A major hotel project begun during the ceasefire period ran into innumerable delays of a bureaucratic nature; debts built up while opportunity slipped away. By the time the hotel was complete, the tsunami and a resumption of hostilities had sent tourist arrivals plummeting again. It was some time before things could be back on an even keel.

But such are, and have always been, the vicissitudes of entrepreneurship. It is in the long term that the story is told, and in the long term – in the end the story of Herbert Cooray and Jetwing is a story of remarkable success gained through hard work, integrity, pragmatism and self-confidence.

It is a story of which the final sentence has yet to be written. Though Herbert Cooray passed away on June 7, 2008, just two months after his beloved, long-lived mother, his legacy, and the enterprise he built live on; the latter informed and inspirited by the former. For as long as visitors to Sri Lanka find their experience of the country enhanced and their lives enriched by the efforts of Jetwing people – at a hote, in transit or on tour – his spirit will live on, touching the lives of all those who come into contact with his legacy.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Features

Ranking public services with AI — A roadmap to reviving institutions like SriLankan Airlines

Published

on

Efficacy measures an organisation’s capacity to achieve its mission and intended outcomes under planned or optimal conditions. It differs from efficiency, which focuses on achieving objectives with minimal resources, and effectiveness, which evaluates results in real-world conditions. Today, modern AI tools, using publicly available data, enable objective assessment of the efficacy of Sri Lanka’s government institutions.

Among key public bodies, the Supreme Court of Sri Lanka emerges as the most efficacious, outperforming the Department of Inland Revenue, Sri Lanka Customs, the Election Commission, and Parliament. In the financial and regulatory sector, the Central Bank of Sri Lanka (CBSL) ranks highest, ahead of the Securities and Exchange Commission, the Public Utilities Commission, the Telecommunications Regulatory Commission, the Insurance Regulatory Commission, and the Sri Lanka Standards Institution.

Among state-owned enterprises, the Sri Lanka Ports Authority (SLPA) leads in efficacy, followed by Bank of Ceylon and People’s Bank. Other institutions assessed included the State Pharmaceuticals Corporation, the National Water Supply and Drainage Board, the Ceylon Electricity Board, the Ceylon Petroleum Corporation, and the Sri Lanka Transport Board. At the lower end of the spectrum were Lanka Sathosa and Sri Lankan Airlines, highlighting a critical challenge for the national economy.

Sri Lankan Airlines, consistently ranked at the bottom, has long been a financial drain. Despite successive governments’ reform attempts, sustainable solutions remain elusive.

Globally, the most profitable airlines operate as highly integrated, technology-enabled ecosystems rather than as fragmented departments. Operations, finance, fleet management, route planning, engineering, marketing, and customer service are closely coordinated, sharing real-time data to maximise efficiency, safety, and profitability.

The challenge for Sri Lankan Airlines is structural. Its operations are fragmented, overly hierarchical, and poorly aligned. Simply replacing the CEO or senior leadership will not address these deep-seated weaknesses. What the airline needs is a cohesive, integrated organisational ecosystem that leverages technology for cross-functional planning and real-time decision-making.

The government must urgently consider restructuring Sri Lankan Airlines to encourage:

=Joint planning across operational divisions

=Data-driven, evidence-based decision-making

=Continuous cross-functional consultation

=Collaborative strategic decisions on route rationalisation, fleet renewal, partnerships, and cost management, rather than exclusive top-down mandates

Sustainable reform requires systemic change. Without modernised organisational structures, stronger accountability, and aligned incentives across divisions, financial recovery will remain out of reach. An integrated, performance-oriented model offers the most realistic path to operational efficiency and long-term viability.

Reforming loss-making institutions like Sri Lankan Airlines is not merely a matter of leadership change — it is a structural overhaul essential to ensuring these entities contribute productively to the national economy rather than remain perpetual burdens.

By Chula Goonasekera – Citizen Analyst

Continue Reading

Features

Why Pi Day?

Published

on

International Day of Mathematics falls tomorrow

The approximate value of Pi (π) is 3.14 in mathematics. Therefore, the day 14 March is celebrated as the Pi Day. In 2019, UNESCO proclaimed 14 March as the International Day of Mathematics.

Ancient Babylonians and Egyptians figured out that the circumference of a circle is slightly more than three times its diameter. But they could not come up with an exact value for this ratio although they knew that it is a constant. This constant was later named as π which is a letter in the Greek alphabet.

Archimedes

It was the Greek mathematician Archimedes (250 BC) who was able to find an upper bound and a lower bound for this constant. He drew a circle of diameter one unit and drew hexagons inside and outside the circle such that the sides of each hexagon touch the sides of the circle. In mathematics the circle passing through all vertices of a polygon is called a ‘circumcircle’ and the largest circle that fits inside a polygon tangent to all its sides is called an ‘incircle’. The total length of the smaller hexagon then becomes the lower bound of π and the length of the hexagon outside the circle is the upper bound. He realised that by increasing the number of sides of the polygon can make the bounds get closer to the value of Pi and increased the number of sides to 12,24,48 and 60. He argued that by increasing the number of sides will ultimately result in obtaining the original circle, thereby laying the foundation for the theory of limits. He ended up with the lower bound as 22/7 and the upper bound 223/71. He could not continue his research as his hometown Syracuse was invaded by Romans and was killed by one of the soldiers. His last words were ‘do not disturb my circles’, perhaps a reference to his continuing efforts to find the value of π to a greater accuracy.

Archimedes can be considered as the father of geometry. His contributions revolutionised geometry and his methods anticipated integral calculus. He invented the pulley and the hydraulic screw for drawing water from a well. He also discovered the law of hydrostatics. He formulated the law of levers which states that a smaller weight placed farther from a pivot can balance a much heavier weight closer to it. He famously said “Give me a lever long enough and a place to stand and I will move the earth”.

Mathematicians have found many expressions for π as a sum of infinite series that converge to its value. One such famous series is the Leibniz Series found in 1674 by the German mathematician Gottfried Leibniz, which is given below.

π = 4 ( 1 – 1/3 + 1/5 – 1/7 + 1/9 – ………….)

The Indian mathematical genius Ramanujan came up with a magnificent formula in 1910. The short form of the formula is as follows.

π = 9801/(1103 √8)

For practical applications an approximation is sufficient. Even NASA uses only the approximation 3.141592653589793 for its interplanetary navigation calculations.

It is not just an interesting and curious number. It is used for calculations in navigation, encryption, space exploration, video game development and even in medicine. As π is fundamental to spherical geometry, it is at the heart of positioning systems in GPS navigations. It also contributes significantly to cybersecurity. As it is an irrational number it is an excellent foundation for generating randomness required in encryption and securing communications. In the medical field, it helps to calculate blood flow rates and pressure differentials. In diagnostic tools such as CT scans and MRI, pi is an important component in mathematical algorithms and signal processing techniques.

This elegant, never-ending number demonstrates how mathematics transforms into practical applications that shape our world. The possibilities of what it can do are infinite as the number itself. It has become a symbol of beauty and complexity in mathematics. “It matters little who first arrives at an idea, rather what is significant is how far that idea can go.” said Sophie Germain.

Mathematics fans are intrigued by this irrational number and attempt to calculate it as far as they can. In March 2022, Emma Haruka Iwao of Japan calculated it to 100 trillion decimal places in Google Cloud. It had taken 157 days. The Guinness World Record for reciting the number from memory is held by Rajveer Meena of India for 70000 decimal places over 10 hours.

Happy Pi Day!

The author is a senior examiner of the International Baccalaureate in the UK and an educational consultant at the Overseas School of Colombo.

by R N A de Silva

Continue Reading

Features

Sheer rise of Realpolitik making the world see the brink

Published

on

A combined US-Israel attack on Iran.(BBC)

The recent humanly costly torpedoing of an Iranian naval vessel in Sri Lanka’s Exclusive Economic Zone by a US submarine has raised a number of issues of great importance to international political discourse and law that call for elucidation. It is best that enlightened commentary is brought to bear in such discussions because at present misleading and uninformed speculation on questions arising from the incident are being aired by particularly jingoistic politicians of Sri Lanka’s South which could prove deleterious.

As matters stand, there seems to be no credible evidence that the Indian state was aware of the impending torpedoing of the Iranian vessel but these acerbic-tongued politicians of Sri Lanka’s South would have the local public believe that the tragedy was triggered with India’s connivance. Likewise, India is accused of ‘embroiling’ Sri Lanka in the incident on account of seemingly having prior knowledge of it and not warning Sri Lanka about the impending disaster.

It is plain that a process is once again afoot to raise anti-India hysteria in Sri Lanka. An obligation is cast on the Sri Lankan government to ensure that incendiary speculation of the above kind is defeated and India-Sri Lanka relations are prevented from being in any way harmed. Proactive measures are needed by the Sri Lankan government and well meaning quarters to ensure that public discourse in such matters have a factual and rational basis. ‘Knowledge gaps’ could prove hazardous.

Meanwhile, there could be no doubt that Sri Lanka’s sovereignty was violated by the US because the sinking of the Iranian vessel took place in Sri Lanka’s Exclusive Economic Zone. While there is no international decrying of the incident, and this is to be regretted, Sri Lanka’s helplessness and small player status would enable the US to ‘get away with it’.

Could anything be done by the international community to hold the US to account over the act of lawlessness in question? None is the answer at present. This is because in the current ‘Global Disorder’ major powers could commit the gravest international irregularities with impunity. As the threadbare cliché declares, ‘Might is Right’….. or so it seems.

Unfortunately, the UN could only merely verbally denounce any violations of International Law by the world’s foremost powers. It cannot use countervailing force against violators of the law, for example, on account of the divided nature of the UN Security Council, whose permanent members have shown incapability of seeing eye-to-eye on grave matters relating to International Law and order over the decades.

The foregoing considerations could force the conclusion on uncritical sections that Political Realism or Realpolitik has won out in the end. A basic premise of the school of thought known as Political Realism is that power or force wielded by states and international actors determine the shape, direction and substance of international relations. This school stands in marked contrast to political idealists who essentially proclaim that moral norms and values determine the nature of local and international politics.

While, British political scientist Thomas Hobbes, for instance, was a proponent of Political Realism, political idealism has its roots in the teachings of Socrates, Plato and latterly Friedrich Hegel of Germany, to name just few such notables.

On the face of it, therefore, there is no getting way from the conclusion that coercive force is the deciding factor in international politics. If this were not so, US President Donald Trump in collaboration with Israeli Rightist Premier Benjamin Natanyahu could not have wielded the ‘big stick’, so to speak, on Iran, killed its Supreme Head of State, terrorized the Iranian public and gone ‘scot-free’. That is, currently, the US’ impunity seems to be limitless.

Moreover, the evidence is that the Western bloc is reuniting in the face of Iran’s threats to stymie the flow of oil from West Asia to the rest of the world. The recent G7 summit witnessed a coming together of the foremost powers of the global North to ensure that the West does not suffer grave negative consequences from any future blocking of western oil supplies.

Meanwhile, Israel is having a ‘free run’ of the Middle East, so to speak, picking out perceived adversarial powers, such as Lebanon, and militarily neutralizing them; once again with impunity. On the other hand, Iran has been bringing under assault, with no questions asked, Gulf states that are seen as allying with the US and Israel. West Asia is facing a compounded crisis and International Law seems to be helplessly silent.

Wittingly or unwittingly, matters at the heart of International Law and peace are being obfuscated by some pro-Trump administration commentators meanwhile. For example, retired US Navy Captain Brent Sadler has cited Article 51 of the UN Charter, which provides for the right to self or collective self-defence of UN member states in the face of armed attacks, as justifying the US sinking of the Iranian vessel (See page 2 of The Island of March 10, 2026). But the Article makes it clear that such measures could be resorted to by UN members only ‘ if an armed attack occurs’ against them and under no other circumstances. But no such thing happened in the incident in question and the US acted under a sheer threat perception.

Clearly, the US has violated the Article through its action and has once again demonstrated its tendency to arbitrarily use military might. The general drift of Sadler’s thinking is that in the face of pressing national priorities, obligations of a state under International Law could be side-stepped. This is a sure recipe for international anarchy because in such a policy environment states could pursue their national interests, irrespective of their merits, disregarding in the process their obligations towards the international community.

Moreover, Article 51 repeatedly reiterates the authority of the UN Security Council and the obligation of those states that act in self-defence to report to the Council and be guided by it. Sadler, therefore, could be said to have cited the Article very selectively, whereas, right along member states’ commitments to the UNSC are stressed.

However, it is beyond doubt that international anarchy has strengthened its grip over the world. While the US set destabilizing precedents after the crumbling of the Cold War that paved the way for the current anarchic situation, Russia further aggravated these degenerative trends through its invasion of Ukraine. Stepping back from anarchy has thus emerged as the prime challenge for the world community.

Continue Reading

Trending