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Perpetual to purchase SriLankan, Mihin Airlines: JO

16 February 2017 11:15 am - 6     - {{hitsCtrl.values.hits}}

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Joint opposition recently claimed that there was a plan to purchase State owned institutions such as SriLankan and Mihin Air by Perpetual Treasuries Pvt. Ltd.

Addressing a press briefing Prof. G L Peiris said that they had reason to believe that the company was attempting to take over several large-scale State institutions.

Prof. Peiris claimed that Perpetual Treasuries, that was currently embroiled in a major controversy surrounding the Central Bank bond issue, was attempting to purchase these State institutions by using another company as a cat’s-paw.

Recently, State Enterprises and Entrepreneurship Deputy Minister Eran Wickramaratne had told the media that three companies, namely Peace Airways, Texas Pacific Group (TPG) and Super Group Partners were those selected from among 10 companies to compete for the right to engage in the process of restructuring the SriLankan and Mihin Lanka.

From the selected companies, the deputy minister had said that the Texas Pacific Group was the most qualified to restructure the two airlines. However, it was reported that the TPG, which is a US based group, was connected to Perpetual Treasuries Pvt. Ltd. (Thilanka Kanakarathna)

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  Comments - 6

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  • RD Thursday, 16 February 2017 11:42 AM

    Now I understand the reason behind the bankruptcy claim by Perpetual Treasuries Pvt. Ltd. They must have transferred all their money to US company to purchase our airlines.

    lkboy Thursday, 16 February 2017 02:07 PM

    since they say that Perpetual is buying TV stations, radios, papers, airlines etc they might as well buy the whole government too.

    Anja Thursday, 16 February 2017 03:02 PM

    Not an Actor but a Brain via DM Android App

    Citizen Ash Thursday, 16 February 2017 05:31 PM

    so whats the harm if anyone else pitched for it JO will protest saying that the airline is sold to a foreign entity via DM Android App

    Saman Thursday, 16 February 2017 05:47 PM

    They steal government money and from that money, they buy government properties. Mr. Clean in action.

    Jan Thursday, 16 February 2017 06:18 PM

    Expose previous Regime Assets At that time all these people cant open their mouths Now YAHAPALANAYA all can BLA BLA via DM Android App


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