Emirates says no plan to buy stake in any airline

21 June 2017 11:03 am - 16 - {{hitsCtrl.values.hits}}

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Emirates has no plans to buy stakes in any airline and airport across the world, the airline has told Arabian Business.

The Dubai-based airline has clarified its stance after State Finance of Minister Eran Wickramaratne said informal talks have taken place with those, including Emirates, who have shown interest in investing in SriLankan Airlines.

“Emirates confirms that it has no plans to acquire a stake in any airline and airport in Sri Lanka or elsewhere. Our business is focused on organic growth and has a pipeline of investments to renew and grow the fleet, expand the global network and continuous innovation of our products and services,” an airline spokesperson has told Arabian Business.

The airline acquired a stake in SriLankan Airways in 1998 for USD70 million, but sold its share for USD53 million in 2010.

Minister Wickramaratne said the government was “in contact with Emirates at the moment” and has plans to hold talks with few other airlines as well.

“We will not go for outright privatisation of our airline. It will be only equity sharing under the private public partnership model,” he said.

Arabian Business said it has approached SriLankan Airlines for a comment.

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Comments - 16

pras Wednesday, 21 June 2017 10:57 AM

once again yahapalanaya has fooled people. eran should resign via DM Android App

Ariyapala Wednesday, 21 June 2017 11:07 AM

Can't imagine why our national carrier is being subjected to so much of humility and ignominy.

Nano Wednesday, 21 June 2017 11:16 AM

Even the respected business professional Eran has turned in to a loose tonged politician!

saman Wednesday, 21 June 2017 11:27 AM

VW, Emirates, Hybrid Cars, Free Wi-Fi.... hehehehe

karu Wednesday, 21 June 2017 11:37 AM

Another hoax like the Volkswagen factory.

Roman Wednesday, 21 June 2017 11:46 AM

please be more responsible when issuing such statements! cuz next time you just might get banned!! be careful!

BuffaloaCitizen Wednesday, 21 June 2017 11:50 AM

Simple, bcos it is managed by a group of crooks.

Selvyn Wednesday, 21 June 2017 01:39 PM

What a friendly country were. After MR we ruined everything though we won the war. We lost GSP and Emirattes commercial benefits via DM Android App

sobers Wednesday, 21 June 2017 02:11 PM

"Right Royal Bluff" by Eran!

ceylon Wednesday, 21 June 2017 03:39 PM

no surprise.they had enough.because they refused to give seats to mahinda and gan contract canseled.they are never do business with lanka. via DM Android App

Hadam Wednesday, 21 June 2017 07:37 PM

Have you not ever heard of Sinhala story of sleeping with dog bugs(Mecco).

Kumar Thursday, 22 June 2017 12:11 AM

When Sri Lanka had roads,highways,schools,and universities places like Dubai were desert fishing settlements.

Johnjames Thursday, 22 June 2017 02:44 AM

ceylon, they do not need to! They have five flights a day in and out of Sri Lanka. B777 new aircraft, The best lounge in Colombo airport. And even the food is brought in for their flights onward to Singapore and return. Really, even the PM, minsters, mps and and the so called vips rather use them than UL, saying forty years ago, useless and late!

Shanil Thursday, 22 June 2017 05:11 AM

AMNESIA...OF M R STOOGES . EMIRATES HAD A 70 MILLION INVESTMENT WHICH THEY SOLD FOR FIFTY MILLION AND LEFT AFTER M R SACKED PETER HILL. HE PUT HIS NINCOMPOOP TEA PLANTER BROTHER IN LAW TO RUN. YES, HE RAN IT DOWN TO THE GROUND 27 THOUSAND MILLION LOSS AND LEFT. WILL ANY AIRLINE TOUCH US AGAIN

Kewum Thursday, 22 June 2017 05:22 AM

Hand over to Ganasara Theor he will fix it bring more revenue ( Jathiye Sandaruwana)

Nimal Thursday, 22 June 2017 08:17 AM

This is good news!!. Last time they had the management of the SriLankan and twisted everything to gain a lot by Emirates. SriLankan had many established routes to important destinations all over the world. Todays, predicament is mainly to do their past mismanagement of the Airline.

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Emirates says no plan to buy stake in any airline

Comments - 16

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