Malaysian firm proposes investment plan to revive national airlines

15 December 2017 10:34 am - 17     - {{hitsCtrl.values.hits}}

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Amid speculations of closure and employees writing to Chairman Ajith Dias that they did not have confidence in him as well as the top management of the ailing national carrier SriLankan Airlines, a leading Malaysian company has come forward with an investment proposal to revive the national airlines, Daily Mirror learns.

The significance of the investment proposal of Super Group Holdings Pvt. Ltd. of Malaysia is its consent to reactivate the now defunct regional airline of the country, Mihin Air.

An authoritative source told Daily Mirror on condition of anonymity that Super Group Holdings had suggested to run SriLankan as a low-cost carrier with available resources within the airline and is keen on substantial investment. The proposal had already been forwarded for review to the Economic Committee chaired by Prime Minister Ranil Wickremesinghe.

“The proposals also include operating SriLankan Airlines as an international as well as regional low-cost carrier and Mihin Lanka as a regional and domestic carrier utilising the entire network now in use. All domestic airports such as Ratmalana, Palali in Jaffna, Trincomalee, Koggala and Anuradhapura will be refurbished and upgraded under the proposed programme in addition to international airports of Bandaranaike and Mattala International Airports. It is quite possible that Mihin Lanka will be re-branded and used as a low-cost carrier to cater to the South Asian region and the Indian Sub Continent in a concept of ‘City-to-City’ project,” he said.

The certificate already issued to Mihin Lanka by the International Civil Airlines Organisation (ICAO) will be used for the new project.

The investors are glad that the Cabinet has decided to absorb the debts of Mihin Air (on November 5, 2017) and that is why they have consented to restore Mihin Lanka that had been facing liquidation while ceasing operations in October.

Super Group Holdings is a multi-national company involved in tourism, hotel management and airlines based in Kuala Lumpur.

The source added that however, the discussions are continuing with several other investors and airlines to run SriLankan Airlines as a Public Private Partnership (PPP). (Sandun A. Jayasekera)

  Comments - 17

  • Neil Friday, 15 December 2017 11:02 AM

    I hope Sri Lankan doesn't end up like Air Asia. Mihin been converted into something like Air Asia is awesome.

    BuffaloaCitizen Friday, 15 December 2017 03:27 PM

    Any bloody thing is fine as long as it is out of reach of crooked politicians of this country. This is bleeding the nation.

    ashan Friday, 15 December 2017 11:06 AM

    I dont care which airlines it ends up as, as long as our money is in the arrival section and not in the departure lounge

    BuffaloaCitizen Friday, 15 December 2017 03:28 PM

    Super and absolutely true.

    Nic Friday, 15 December 2017 11:39 AM

    The Government should roll out the red carpet and welcome this group. Hope Malik will not scare these guys demanding his %!!!

    ceylon Friday, 15 December 2017 11:44 AM

    privertise and earn from tax from corrupt government own robery air line.lanka government is bankrupt because keeping businessess to rob. via DM Android App

    Lion Friday, 15 December 2017 12:03 PM

    For heaven sake don't ask for commissions As always these these corrupt politicians do. Siri pala is in for front in this game

    MO77 Friday, 15 December 2017 01:10 PM

    Only few people are benefited from the SriLankan Airlines. Majority of Sri Lankan suffer from SriLankan Airlines. People who do not fly or do not use SriLankan airline wouldn't be paid taxes for debt burden of SriLankan Airlines. SriLankan Airlines flight attendants are only care of foreign passengers and show off to Sri Lankan. It is better to sell or lease out of Sri Lankan airline for long-period.

    MO77 Friday, 15 December 2017 01:11 PM

    Only few people are benefited from the SriLankan Airlines. Majority of Sri Lankan suffer from SriLankan Airlines. People who do not fly or do not use SriLankan airline wouldn't be paid taxes for debt burden of SriLankan Airlines. SriLankan Airlines flight attendants are only care of foreign passengers and show off to Sri Lankan. It is better to sell or lease out of Sri Lankan airline for long-period.

    MO77 Friday, 15 December 2017 01:12 PM

    Only few people are benefited from the SriLankan Airlines. Majority of Sri Lankan suffer from SriLankan Airlines. People who do not fly or do not use SriLankan airline wouldn't be paid taxes for debt burden of SriLankan Airlines. SriLankan Airlines flight attendants are only care of foreign passengers and show off to Sri Lankan. It is better to sell or lease out of Sri Lankan airline for long-period.

    MO77 Friday, 15 December 2017 01:12 PM

    Only few people are benefited from the SriLankan Airlines. Majority of Sri Lankan suffer from SriLankan Airlines. People who do not fly or do not use SriLankan airline wouldn't be paid taxes for debt burden of SriLankan Airlines. SriLankan Airlines flight attendants are only care of foreign passengers and show off to Sri Lankan. It is better to sell or lease out of Sri Lankan airline for long-period.

    Athula Friday, 15 December 2017 03:38 PM

    The admin is dumbfounded.The same comment of MO77 is displayed three times.Anyway, Rajapaksa destroyed the whole thing once a profit-making venture.

    upali Friday, 15 December 2017 04:27 PM

    I heard that Malasian PM in visiting srilanka near day. Is this something connected with . Malasian PM is a corrupt person who got away with one Malaysia saga ( similar to helping hambanthota )

    AUSLANKA Friday, 15 December 2017 04:54 PM

    All you voters have one option to stop all these nonsense happening in Sri Lanka. Vote JVP at local election and next parliamentary election to get rid of current political swamp at Jayawardenapura.

    dhammika Friday, 15 December 2017 06:23 PM

    What happened to Nishantha Wickremasinghe , Brother - in - law of MR who made merry of SriLankan for what it is today ? .

    xotikar Friday, 15 December 2017 09:11 PM

    This same SUPER GROUP came to the scene sometime back with proposals bit disappeared. That time it was a SINGAPOREAN COMPANY, now it's suddenly MALAYSIAN. Whoever wants to get there hands must be dirty already. Give it back to HJ he is the MAN for the job.

    ceylon Friday, 15 December 2017 09:21 PM

    people have serious question why unp run finance ministry dont privertise these robery companies run by corrupt government. via DM Android App


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