Cabinet to absorb debts incurred by Mihin Lanka

1 November 2017 08:25 am - 17 - {{hitsCtrl.values.hits}}

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The Cabinet yesterday decided to absorb the debts incurred by Mihin Lanka, which is expected to be liquidated soon.

It was disclosed at the Cabinet meeting that the airline launched by the previous regime owed Rs.4,860 million to the People’s Bank and Rs.1,700 million to the national carrier, SriLankan airlines.

The government is reported to be planning to sell the airline's permit to a third party for operational purposes.

Meanwhile, some ministers suggested the appointment of a Presidential Commission to probe alleged financial irregularities involving the establishment of the airline during the former regime. (Kelum Bandara)

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Comments - 17

voter Wednesday, 01 November 2017 09:21 AM

Yeah Yeah appoint another commission so that you can give jobs. Only inquiring but never prosecute the culprits. These are all election gimmicks for the gullible public.

Fill Wednesday, 01 November 2017 09:28 AM

Previous regime started every project to FILL their pockets.

Rasheed Wednesday, 01 November 2017 11:07 AM

Yes, they filled their pockets, but the cost of living was not high as now.

CS Wednesday, 01 November 2017 02:39 PM

Rasheed,Maybe the reason is that now, the money borrowed ("to FILL their pockets" is being payed back?

Rp Wednesday, 01 November 2017 11:24 AM

You mean the debt to be absorbed by general public ? People fund the cabinet itself, so how can the cabinet absorb debt of Mihin!

ta Wednesday, 01 November 2017 03:16 PM

himin,himin.....

Modaya Wednesday, 01 November 2017 11:30 AM

At least MR had the balls to start an airline...and we know yahapalanaya guys dont have that....

Ravi Wednesday, 01 November 2017 04:36 PM

Your name says it all.

John Wednesday, 01 November 2017 09:00 PM

MR also kicked Emirates out of running Sri Lankan, and put his cronies in place.That has gone well, hasn't it?

Osman Wednesday, 01 November 2017 11:50 AM

Cabinet? I think you mean the state

Sincere Wednesday, 01 November 2017 02:39 PM

Cabinet absorbed Mihin losses? Why not instead say people of the country are forced to absorbed it. Why making us happy with honey quoted poison?

RD Wednesday, 01 November 2017 02:43 PM

Does anyone know why some of the words do not appear but indicate a link when move the cursor on those?

Dee Wednesday, 01 November 2017 02:53 PM

Get the southern province to absorb it. Don't burden all of us.

southern man Wednesday, 01 November 2017 05:06 PM

It was good when we had people from southern province leading the war against LTTE. Seems like you are from Kandy.

SeriouSena Wednesday, 01 November 2017 08:50 PM

Now tax our food, medicine, infant food, fuel, public transport and all other service to pay the cost that the previous crooks robbed from our country.

rajah Wednesday, 01 November 2017 11:32 PM

Mihin air was a loss from day one. But the supremo that time was Mahinda RAJAPAKE who bluffed us and today we are paying the debt. Mahinda is laughing all the way.

watchdog Thursday, 02 November 2017 02:10 AM

Hahaha,Cabinet absorb? Does this mean all the Ministers paying with their assets??Its the tax payers money.

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Cabinet to absorb debts incurred by Mihin Lanka

Comments - 17

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