Wednesday, July 24, 2024

Sri Lanka calls for bids to divest state-owned flag carrier

Colombo, Nov 1 (IANS) The Sri Lankan government has called for bids from interested parties for the divestiture of state-owned flag carrier SriLankan Airlines, Minister of Ports, Shipping and Aviation Nimal Siripala de Silva said on Wednesday.

The Minister told the media that the Invitation to Tender (ITT) has already been published at local and foreign media and websites, reports Xinhua news agency.

The divestiture is to be completed in a two-stage competitive bidding process, according to the Ministry of Ports, Shipping and Aviation.

Local media reported that SriLankan Airlines’s total debt amounts to $1.2 billion, and the government intends to retain 51 per cent of the airlines’ shares.

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