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Termination turbulence! Cancellation of Leases with Huge cost suspicious!!

Termination turbulence! :::DailyFT - Be Empowered: SriLankan Airlines tight lipped on the figure but Govt. says�cancellation of 3 Airbus A350s to cost $ 98m
SriLankan management admits “significant one-off cost” but insists considerable savings�compared to original�cost of $250 m
Says sale wasn’t an option under contract and no takers for sub-lease
If persisted with A350s, carrier to incur $ 800 m contingent�liability and $ 480 m operational loss for 12 years
Aviation experts claim total�cancellation of 4 A340s was costly at $ 116 m and alternate options not aggressively pursued
Allege AerCap action�tantamount to inflicting more wounds to an already�bleeding airline�
Move would push soaring UL debt to near $ 600 m from�current $ 485m
​Lower oil prices and other improvements help reduce losses in FY16 and first five months of current year
SriLankan to re-negotiate all other existing lease arrangements
Termination turbulence! Cancellation of Leases with Huge cost suspicious!! SocialTwist Tell-a-Friend

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