Home | Political News | Business News | Defence News | Featured News
 
 

Monday, March 31, 2008

Emirates, SriLankan split widens

posted by Editor at

COLOMBO – In a further split between Emirates Airlines and SriLankan Airlines, the Dubai carrier said it would stop sharing routes with Sri Lanka's national carrier when its decade-long management contract expires this month.
The decision follows worsening relations between Emirates Airlines and Colombo, with talks between both sides collapsing after nearly two years of negotiations over renewing the contract.
In December, the government withdrew the work permit of the Emirates-appointed chief executive of SriLankan Airlines, Peter Hill, because he failed to "look after the interests of the majority shareholder".
However, the Dubai-based carrier said it would retain its near 44 percent stake and continue to have a board presence.
The Sri Lankan government has nominated and appointed a new chairman and directors to SriLankan Airlines, with immediate effect.
Emirates president Tim Clark told AFP in January that it was willing to sell all or part of its 43.6 percent equity stake in SriLankan.
Emirates will continue to serve Sri Lanka with 17 weekly flights to Colombo, effectively becoming a competitor of SriLankan.
All of which should make for interesting board meetings with three representatives from Emirates and three from the government, supported by the new chairman, Nishantha Wickremasinghe

0 Comments:

Post a Comment

<< Home

www.tissaattanayake.lk
 

www.is-asia.net

 
Sri Lanka's Pride
www.nirjdeva.com
 
www.slbankingnews.com
www.unsg.org
www.slbc.lk
 

Help Us

Dear friends of thecolombotimes,

www.thecolombotimes.com is an online daily, published since year 2000, by a group of Sri Lankan Journalists .

Until now, we managed to run the online daily with a shoestring budget. As web site hosting and data transfer costs are increasing each month, we need your help!

In the truest spirit of independent journalism, we believe that whatever news ,  views and analysis given out from ? it should be independent in the truest sense of the word and free of biases and partiality.

That's why we don't seek corporate sponsors or Government sponsors except from those who believe in the Right for free expression, Right of Life, Human Rights, Freedom, Democracy, Pluralism and Rule of Law.

We want our funding to come from you - our reader true defenders of Freedom of Expression, Human Rights and Rule of Law.

If you are one who thinks that we should have a future, please donate to us.

Please contact  thecolombotimes@yahoo.co.uk and lankamedia@gmail.com for details

Editor