January 04, Colombo (LNW): The Ministry of Ports, Shipping, and Aviation announced the impending opening of bids next month concerning the restructuring of SriLankan Airlines. The Ministry noted that entities submitting bids had requested an extension, prompting the delayed bid submission.
The restructuring of SriLankan Airlines had received approval from the Cabinet of Ministers, marking a significant step in the airline’s evolution.
Further discussions regarding this restructuring were held between the Ministry of Ports, Shipping, and Aviation and the World Bank. Following the proposal’s direction to the Treasury, engagements with the World Bank aimed to explore and solidify strategies in this regard.
