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The report also said that there were certain irregularities in promotions and key appointments, including overseas appointments. The airline has been a huge burden on the country with reported losses amounting to over 100 billion rupees in 2014 as revealed in parliament.
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Official data shows that SriLankan and Mihin Lanka, a budget airline have lost 30.1 billion rupees in 2013, with losses over the last five years totaling 89.9 billion rupees. Sri Lankan Airlines made a loss of 28.
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6 billion rupees while state-run budget airline Mihin Lanka made another loss of 1.5 billion rupees, up from a billion rupees a year earlier the annual report of the Central Bank showed. In 2013 revenues had risen 2.9 percent to 109.5 billion rupees but operating expenses had gone up 5.1 per cent to 138.1 billion rupees. SriLankan last made a profit in 2008 under the chairmanship of Harry Jayewardene and has been racking up losses since a management deal with Dubai-based Emirates ended.
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The new Chairman says it will take another two to three years to get the airline up and running and out of the woods. “We are carrying on as best as we can at the moment and trying to turn the airline around,” Dias told. “It will take us two to three years to come out of the woods as they say but the final plan will take another two to three week after the government has approved the plan, then only we can roll it out,” “We need time and the government has given us a reasonable amount of time and it takes time to do things properly.” The airline has also cut down on some low yielding sectors to cut costs and says that they will not recruiting in the near future. “We have taken off flights to Moscow and two flights on the London, which is due to the yield factor. So we are operating a daily flight but have cut down the twice a day to London, these are all sorts of cost cutting measures,” Dias said.
“We are not recruiting that I am sure of only internal staff rotation and promotions and things will continue.”
The culprits to the courts and then to the jail!
Minister Reginald Corey said today morning (to NethFM Belumgala) he is not happy with J.C.Weliamuna report and he might do another one. This is bullshit. Ambalame Pina Pina – Walan Bindapi Gona Gona!!!… Just throw that minister out and get Arjuna back!!!
Appointing a questionable character like J.C Waliamuna to the committee was a bad decision.