Sirlanka Airlines

Mr. Byrne also stressed that the business is "terribly" crowded and that changes in airlines' managements are necessary. SOE also has aircrafts to which advisers have pointed out that they are not suited for some of the services on which SriLankan Airlines currently operates. Whilst the chase for a profitable partner to buy up the failed carrier is continuing, the Executive Committee was confident that they could work towards a break-even result for the carrier within three years.

None of the members of the new Executive Committee will be active on a bono to bono principle and do not anticipate being brought into the daily operation of the carrier. The chairman Ranjith Fernando explains that they would take over a supervision function and the business would take over the business administration. Mr. Fernando also said that the new Executive Committee is willing to make changes in leadership if they do not comply with the new Executive Committee's targets and guidelines.

Managing Director Mano Tittawella says that the new executive has the support of the Ministry of Finance as long as the investment is solid and will yield adequate long-term return. National Agency for Public-Private Partnership Chairman Thilan Wijesinghe responded to a request made during the briefing that the carrier is in discussions with Airbus to reverse four Airbus A350s currently ordered.