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  • #6751
    Originally posted by Speedbird View Post
    all ME3 are restricted to Canada (3 flights a week...thats it just 3 flights a week)
    https://www.otc-cta.gc.ca/eng/bilateral-agreements
    No, UAE has 6 weekly flights. EK operates 3 A380s and EY operates 3 77Ws.

    QR also has 6 slots and I am not sure if they are utilizing all that.

    Would EK love to have daily flights to YYZ? I am sure they do. But that does not mean that there is a market for UL to fly YYZ.

    UL needs to abandon the idea of following the diaspora and instead start following money!

    Comment

    • #6752
      Look at some of the UL fares to Europe in their website:

      From Sri Lanka to Rome - LKR 59,200 Return - Economy (this is USD 408 for a 10+ hour flight RT)

      From Singapore to Rome - SGD 422 Return - Economy (this is USD 295 for a 15+ hour flight RT)
      From Singapore to Paris - SGD 422 Return - Economy (this is USD 295 for a 15+ hour flight RT)

      (http://www.srilankan.com/en/special-.../special-fares)

      Clearly these fares are not profitable. UL are basically subsidizing international travelers at the expense of the Sri Lankan tax payers!

      Comment

      • #6753
        Originally posted by Cayman View Post
        No, UAE has 6 weekly flights. EK operates 3 A380s and EY operates 3 77Ws.

        QR also has 6 slots and I am not sure if they are utilizing all that.

        Would EK love to have daily flights to YYZ? I am sure they do. But that does not mean that there is a market for UL to fly YYZ.

        UL needs to abandon the idea of following the diaspora and instead start following money!
        QR has 3 to YUL...yes UAE has 6 but each airline has a max of 3...EK want to have double daily to yya daily to yyc and daily to yvr but canadian government does not allow that. it is not following diaspora...it is following the money...ME3 carries over 80% of transit pax...if the object is to make money...then you go following the market...where there is no competition..
        Last edited by Speedbird; 28-01-2016, 11:26 PM.

        Comment

        • #6754
          Originally posted by Cayman View Post
          No, UAE has 6 weekly flights. EK operates 3 A380s and EY operates 3 77Ws.

          QR also has 6 slots and I am not sure if they are utilizing all that.

          Would EK love to have daily flights to YYZ? I am sure they do. But that does not mean that there is a market for UL to fly YYZ.

          UL needs to abandon the idea of following the diaspora and instead start following money!
          Having a large diaspora doesn't necessarily translate into high yields. UL has tried that with MEL a couple of times and failed (which supposedly has the largest SL diaspora in the world). North America certainly would not be a viable option.

          Comment

          • #6755
            Originally posted by LukeSkywalker View Post
            Having a large diaspora doesn't necessarily translate into high yields. UL has tried that with MEL a couple of times and failed (which supposedly has the largest SL diaspora in the world). North America certainly would not be a viable option.
            MEL/SYD is very highly competitive routes...and let take Canada out of North America shall we...

            Comment

            • #6756
              Originally posted by Speedbird View Post
              MEL/SYD is very highly competitive routes...and let take Canada out of North America shall we...
              If UL launch direct flight to YYZ it is not just Sri Lankan diaspora...most of them like me fairly(almost completely) disconnected from Sri Lanka...2/3 rd generation...but there is business need to connect South Asia with Canada...AC launched to Delhi...PIA/AI two badly managed airlines; one of the most profitable route is YYZ...

              And finally any Canadian PAX who want to fly to Canada; they do not like to transit via US...If pax need to transit via US the you need to clear custom at US entry...that is mandatory...many of them just misses the connecting flight due to immigration and custom clearance via US

              Canadians/Snow Birds loves to visit Maldives & East Africa rather than going to Mexico...but unfortunately there is lack of air connectivity between canada and South Asia & East Africa
              Last edited by Speedbird; 28-01-2016, 11:39 PM.

              Comment

              • #6757
                SriLankan launches thrice-weekly non-stop flights from Guangzhou to Colombo



                SriLankan launches thrice-weekly non-stop flights from Guangzhou to Colombo
                http://www.lankabusinessonline.com/srilankan-launches-thrice-weekly-non-stop-flights-from-guangzhou-to-colombo/
                SriLankan Airlines introduces thrice weekly non-stop flights from Guangzhou to Colombo from January 2016, on three of its four frequencies, becoming the first airline operating direct flights between Guangzhou and Colombo in the South China market. online pharmacy buy diflucan with best prices today

                Comment

                • #6758
                  A350 XWB Final Assembly: A Step-by-Step Overview

                  https://www.youtube.com/watch?feature=player_embedded&v=W0jlu0ghNIg

                  Comment

                  • #6759
                    Originally posted by ejanson65 View Post
                    There's no money to do anything. The Management are nothing but NATO members.

                    No alternative but to cut routes in a desperate attempt to reduce losses (another epic fail...).

                    The Management of the Airline are mostly political appointees - their function is to rubber stamp whatever the GOSL decrees and keep the funds flowing to family, friends and cronies.

                    Any efforts to investigate obvious theft, fraud and abuse of power have been blocked.

                    Rampant corruption and incompetence at all levels within the Airline. I've explained how it works at the office.

                    There's only one way this ends imho.

                    This was the situation at Flight Ops in 2013 when I left. The holes really were lining up - somehow they managed to avoid an accident.

                    http://www.safety-s2s.eu/modules.php...art=4&idp=1412

                    PRECIFAC re-examines irregularities at SriLankan Airlines - http://newsfirst.lk/english/2016/01/...irlines/126552

                    Nishantha Wickremesinghe at PRECIFAC - http://www.sundaytimes.lk/video/9421...he-at-precifac

                    SriLankan Airlines government guaranteed bonds rated 'BB-' - http://www.economynext.com/SriLankan...__-3-4119.html

                    Comment

                    • #6760
                      Originally posted by Serendib View Post
                      PRECIFAC re-examines irregularities at SriLankan Airlines - http://newsfirst.lk/english/2016/01/...irlines/126552

                      Nishantha Wickremesinghe at PRECIFAC - http://www.sundaytimes.lk/video/9421...he-at-precifac

                      SriLankan Airlines government guaranteed bonds rated 'BB-' - http://www.economynext.com/SriLankan...__-3-4119.html
                      This has been going on for almost a year - not a single person has been held to account.

                      HHR Pradeepa and former COO Druvi are both still employed.

                      It's all just a show imho - don't believe anything will happen.


                      BB- is considered a "Junk Bond"

                      From Investopedia.com
                      However, it is important for investors to realize that this higher rate serves as compensation for investing money in a company or government that may not be financially sound and may result in the loss of one's investment.
                      Last edited by ejanson65; 29-01-2016, 07:14 PM. Reason: added Bond info
                      Always fly a stable approach - it's the only stability you'll find this business

                      Comment

                      • #6761
                        Does anyone know what is going on with Qatar Airways A340-600? On flight radar24 it was about to take off but returned back to the gate. The status says unknown but there seems to be another Qatar A340-600 about to land in Colombo.

                        Comment

                        • #6762
                          Sri Lankan Airlines needs to start a new phase of its long restructuring process with the investments from Foreign & Sri Lankan investors and Sri Lankan government only needs to maintain a minority stake in the airline as it will help to increase the investor confidence, as in the past, government must not interfere with UL Management.

                          It will be better in the future if UL management can get below stake holders…….

                          49% - Qatar Airways
                          30% - Aitken Spence
                          21% - Sri Lankan Government

                          Comment

                          • #6763
                            Originally posted by Max View Post
                            Sri Lankan Airlines needs to start a new phase of its long restructuring process with the investments from Foreign & Sri Lankan investors and Sri Lankan government only needs to maintain a minority stake in the airline as it will help to increase the investor confidence, as in the past, government must not interfere with UL Management.

                            It will be better in the future if UL management can get below stake holders…….

                            49% - Qatar Airways
                            30% - Aitken Spence
                            21% - Sri Lankan Government
                            We are well past the point that this is possible imho. About 10 years too late.

                            Qatar has most likely turned this option down already - there is no benefit for them. They'd be smarter to wait for UL to collapse and then start up their own Airline in Sri Lanka.

                            Nobody will invest in an Airline that has huge debts and even more future liabilities. Nobody wants a large group of unqualified and incompetent people who can't be fired.

                            In its present form there is no conceivable way to ever make this profitable.

                            Nobody will touch this Airline imho.

                            Make no mistake - this isn't a business. This is a wealth transfer vehicle - public funds in and funds out to family friends and cronies.
                            Always fly a stable approach - it's the only stability you'll find this business

                            Comment

                            • #6764
                              Originally posted by ejanson65 View Post
                              We are well past the point that this is possible imho. About 10 years too late.

                              Qatar has most likely turned this option down already - there is no benefit for them. They'd be smarter to wait for UL to collapse and then start up their own Airline in Sri Lanka.

                              Nobody will invest in an Airline that has huge debts and even more future liabilities. Nobody wants a large group of unqualified and incompetent people who can't be fired.

                              In its present form there is no conceivable way to ever make this profitable.

                              Nobody will touch this Airline imho.

                              Make no mistake - this isn't a business. This is a wealth transfer vehicle - public funds in and funds out to family friends and cronies.
                              With the past SL gov record I don't think anyone will want to get into an expensive venture of setting up an airline if UL collapses and risk it being nationalized later.

                              UL will continue along as it is; maybe the government should get some consultancy from the NZ government on how to have an airline as a state enterprise and still run it successfully without bungling.

                              Comment

                              • #6765
                                Originally posted by LukeSkywalker View Post
                                With the past SL gov record I don't think anyone will want to get into an expensive venture of setting up an airline if UL collapses and risk it being nationalized later.
                                Well you could always:-

                                -Set up a new Airline as a subsidiary of an existing Airline.
                                -Register the aircraft outside Sri Lanka.
                                -No Sri Lankans in any Management positions
                                -Everyone works on a renewable short term contract.

                                Government starts causing issues? Pull the plug. Simple.
                                Always fly a stable approach - it's the only stability you'll find this business

                                Comment

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