Airline agrees to settle all outstandings: Kiriella

2 July 2018 09:27 pm - 7     - {{hitsCtrl.values.hits}}

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In response to threats by the Ceylon Petroleum Corporation (CPC) to stop the supply of aviation fuel on credit to SriLankan Airlines, Public Enterprise Development Minister Lakshman Kiriella said the national carrier had agreed to settle all overdue payments amounting to more than Rs.1 billion. However, he said the payments would be phased out or carried out on a staggered basis.

Mr. Kiriella told Daily Mirror that he would discuss this matter with the relevant authorities in an effort to sort it out.

He said his ministry had planned to restructure the national carrier.

“I will discuss it with the Cabinet when it meets on today. I have informed the CPC authorities of our plan to curtail overall expenditures of the national career. We will close flight operations on unprofitable routes,” the minister said. (Kelum Bandara)

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  Comments - 7

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  • GSA Monday, 02 July 2018 10:10 PM

    What happens to revenue collected. Sure there are lot of General Sales Agents. Local and oveaseas. Assume No passenger is given credit facility. Any idea of GSA dues to the air lines. About 30 years ago when I worked with SIA the credit period was 14 days plus bank gurantee

    Bala Monday, 02 July 2018 10:23 PM

    Easy to say close uneconomic routes - what about then the excess staff and airplanes employed on these routes.

    TONY Monday, 02 July 2018 10:40 PM

    CPC SHOULD HAVE A CREDIT POLICY. THEY SHOULD LET THEIR CUSTOMERS KNOW THEIR CREDIT LIMITS AND SETTLE THEIR DUES WITHIN THE SPECIFIC PERIOD

    Ram Tuesday, 03 July 2018 02:46 AM

    Flights are running 70-80% or more full. So there cannot be a loss. Under whose Chairmanship did Air Lanka fell into this much of arrears. The present Air Lanka Commission must investigate all that

    cheers Tuesday, 03 July 2018 04:58 AM

    up to last 3 years how many ministries you have had and can you tell me you did anything right in any of these ministries accept making them bankcrupt with corruption and is this what you were thought at Royal College colombo 7

    Buddhist Tuesday, 03 July 2018 05:08 AM

    President and PM should take Sri Lankan off the hands of Kiriella and appoint a qualified group to find a new investor. As long as Kiriella handles this topic nothing will happen as he will be looking for "Santhosam".

    Kingsley Wijesinhe Tuesday, 03 July 2018 08:31 AM

    Has the airline revealed the salaries of its top executives as ordered by the courts under the Right to Information Act? If not, why not?


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