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US $ 9 million paid monthly for three years for three aircraft grounded

Authorities at SriLankan Airlines had paid US $ 9 million (Rs.2.6 billion ) a month for three years as lease for three aircraft despite them being grounded due to lack of engine spare parts, a minister said.

Transport, Highways, Ports and Civil Aviation Minister Bimal Rathnayake told journalists that one of these aircraft had now been put in use, and the remaining two would be in operation by April.

He said the new government had scrapped plans to privatize the airline.

“It will be developed according to a business plan being worked out at the moment,” he said.

Also, he said the Civil Aviation Authority would stipulate guidelines to develop the domestic airline industry.

The national carrier recorded a profit of over Rs. 3 billion for 2023/2024. The profit is attributed to gains from the appreciation of the rupee against the US dollar. (Daily Mirror)

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