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Originally posted by banuthev
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Will it be additional or will they retire any of its current fleet? -
Finally....
Hopefully this will mean a large number of Donkeys get fired from the Airline.Always fly a stable approach - it's the only stability you'll find this businessComment
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Air Lease Corporation AL announced long term lease agreements with Air Macau for two new Airbus A321-200 aircraft, which are scheduled for delivery in October 2014 and March 2015.Originally posted by banuthev View Post
Link - http://www.marketwatch.com/story/air...cau-2013-05-21
New A321 replaces the old A319
B-MAM - MSN1893 - Airbus A319-100 - Delivered on 27. Jan 2003 - Age 12.2 Years
Last edited by Max; 19-02-2015, 07:46 AM.Comment
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Was this an agreement with the previous government ? Why don't they merge the 2 & both operate as Sri Lankan Airlines ?Originally posted by Max View PostComment
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Originally posted by anthonylk View PostAccording to press, 4R-MRF is an additional aircraft to the Mihin Lanka current fleet which includes single A320 and couple of A321s. This lease agreement of A319 (valid for 2015-2017) was signed by the previous government.Originally posted by MalaysiaMustafa View PostComment
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I think Dhaka, Lahore and Seychelles could become profitable destinations for SriLankan Airlines. Do you think SL Government could close the Mihin Lanka without merging Mihin Lanka with SriLankan? What will happen to Mihin Lanka's existing fleet if they merge or close? Yesterday I spoke to Mihin Lanka employee who said Mihin Lanka will be operating as normal until April 2015 , and SriLankan and Mihin Lanka are still in the talks to findout what to do with this useless airline (Mihin Lanka).Originally posted by ejanson65 View PostComment
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Aviation industry specialist Peter Hill has been hired as a consultant to National Carrier SriLankan Airlines for one year.Originally posted by anthonylk View Post
Need to get a new restructuring strategy for UL.
UL & MJ is in a terrible financial state since 2007 !!Comment
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If its only a two year lease then it should time well for it to be replaced by an A320/1NEO in a few years time.Originally posted by banuthev View PostComment
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I don't think there's a market to any of these places - the huge losses at Mihin seem to confirm they are losing money on all the routes. This is why a comprehensive audit is needed.Originally posted by banuthev View Post
There is speculation surrounding the Seychelles and the opening of a branch of a Sri Lankan Bank there. This also needs to be fully investigated.
Without more public funding Mihin will simply go bankrupt. There are laws covering this. The aircraft will go back to the leasing companies. I'm not a legal expert but I think this is a far cheaper option for the GOSL.Do you think SL Government could close the Mihin Lanka without merging Mihin Lanka with SriLankan? What will happen to Mihin Lanka's existing fleet if they merge or close? Yesterday I spoke to Mihin Lanka employee who said Mihin Lanka will be operating as normal until April 2015 , and SriLankan and Mihin Lanka are still in the talks to findout what to do with this useless airline (Mihin Lanka).
There must be figures available that detail what the various options are going cost. Enough public money has been wasted already imho.
I'd like to see figures for HRI published as well.Always fly a stable approach - it's the only stability you'll find this businessComment
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Yes it would be far cheaper but it would make aircraft leasing companies reluctant to deal with UL or any GOSL related entity since they would have a 'black mark' against their name if they did that. And I've also heard there may be guarantees given by the government or associate banks against these aircraft.Originally posted by ejanson65 View PostComment
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Wrong. I don't know about Seychelles, but Dhaka is doing incredibly well. I fly on that route about 3 times a year and it's always performing very well. Lahore on the other hand can be developed with the right frequencies. Lahore in general is pretty underserved (due to the political situation in Pakistan) and there's good opportunity for connecting flights to South East Asia/Far East. High risk thoughOriginally posted by ejanson65 View PostComment
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Flights between CMB and DAC operate at almost full capacity through out the year......its near impossible to get an empty seat during the peak season.Originally posted by ejanson65 View PostComment
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May be that's why Mihin Lanka is increasing the frequency of flights to Dhaka from 5 to 6 weekly effective Summer 2015. Does Mihin has sufficient demand for business class in the Dhaka route? I am quite surprised still Biman hasn't launched the Colombo route but Mihin Lanka is looking to add Chittagong, Kathmandu and Ho Chi Minh City to it's network in year 2015.Originally posted by dilushasg-bdavi View PostComment
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I don't know how well Business Class can sell because the demographic that flies between Colombo and Dhaka are primarily price-sensitive passengers. However, there is a relatively large and wealthy Bangladeshi upper class that Sri Lankan/Mihin can tap into, especially if Sri Lanka is promoted more aggressively as a tourist destination. The proposed Bangladesh-Sri Lanka FTA coming into effect might drive up the Business traffic even more.Originally posted by banuthev View PostComment
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Korean Air vs Sri Lankan Airlines
Korean Air posts $350m loss for 2013
Korean Air, has posted an annual net loss of $US357 million.
Korean Air swings to big operating profit in 2014
Korean Air has reported an operating profit of $US355 million for the year ended 31 December 2014, a major improvement on the $US357 million loss over the previous fiscal year.
Sri Lankan Airlines lose Rs21.5bn in 2012
Sri Lankan Airlines lose 30.1 billion rupees (230 million US dollars) in 2013
2014 - More Loss
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