Finlays’ GSA arrangement with Cathay to end in December

22 May 2015 04:04 am - 0 - {{hitsCtrl.values.hits}}

A A A

Finlays Colombo PLC said yesterday the General Sales Agent (GSA) arrangement it has with Hong Kong-based Cathay Pacific Airlines will come to an end with effect from December 31, 2015.
Finlays Colombo said, globally Cathay has moved away from GSA arrangements for destinations they fly to and the GSAs in Sri Lanka and the Maldives are some of the few remaining.
“Cathay has informed Finlays Colombo PLC of their intention to move to self-handling of operations in Sri Lanka and Maldives,” Finlays Colombo said in a statement.
It further said Finlays Colombo, which is the holding company of entities of the Finlays Group, continues with its principal activities.
Last year (FY14), the services segment, which includes the GSA operations of Finlays Colombo, recorded a revenue of Rs.792 million and a pre-tax profit of Rs.274 million. Tea exports remain the main business of the company.

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Finlays’ GSA arrangement with Cathay to end in December

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Sri Lankan among NASA’s new crew for next simulated Mars journey

Uma Oya Development Project inaugurated

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

Former MP Palitha Thewarapperuma dies from electrocution

Ranil Wickremesinghe caravan moves on despite barking dogs

Two racing drivers arrested over Fox Hill tragedy

MIRROR CRICKET

Is Chamari Athapaththu Sri Lanka’s greatest cricketer ever?

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

TODAY'S HEADLINES

No footboard riding allowed, no liability for accidents: Railways Department

Six patients claim Rs.600 million from Keheliya and others for permanent loss of sight

SLPP, UNP initiates action for forming broad alliance

Here is the way!

Pakistan lose key players for last two T20Is against New Zealand

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings

Army forms committee to probe Diyatalawa Fox Hill Supercross accident