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Bribery Net only catching Small Fish, We even are Surprised : Govt

The Island: SriLankan Airlines had lost Rs16.3 billion, including one-off items, but operating losses had been cut to Rs9.03 billion from Rs11.5 billion during the last financial year, chairman Ajith Dias said.

"In the five months from April to August, operating losses have been further cut to Rs2.32 billion from Rs3.71 billion, he said at a media conference held at the SriLankan Airlines office at World Trade Centre yesterday.

He said that interest costs alone were Rs2.53 billion and the government is planning to take off some of the debt and clean up the balance sheet to make the national carrier a profitable entity.

The total interest bearing liabilities as at 31st August to banks/financial institutions are US $ 478.5 million.The interest cost for the current financial year is estimated at Rs 6.2 billion, Dias said.
Bribery Net only catching Small Fish, We even are Surprised : GovtSocialTwist Tell-a-Friend

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