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  • #7741
    Originally posted by ejanson65 View Post
    Anyone know when the Annual Report is going to be issued? Last one was in August last year.

    Given that the Airline is a complete disaster no matter how you look at it I'm curious how they are going to "shape" this report.
    SriLankan Airlines’ future plans to be unveiled on Wednesday

    SriLankan Airlines chairman Ajith Dias and airline CEO Suren Ratwatte have scheduled a briefing for the media on Wednesday, October 5 to discuss the loss—making airline’s plans for the future.

    The airline has so far attracted eight offers for management control which are being processed, airline officials said.

    “The Chairman and CEO of the company (will) share with you (media) the current status of the airline, their vision and plans for the future of the airline,” the airline said in a statement on Monday. (SD)

    404 Not Found
    http://www.sundaytimes.lk/article/1009464/srilankan-airlines-future-plans-to-be-unveiled-on-wednesday

    Comment

    • #7742
      Why has it got to refuel at CMB. The A330-300 has enough range to cover the two airports, unless the aircraft is a A330-300 regional jet.

      Comment

      • #7743
        Originally posted by Mach3 View Post
        Why has it got to refuel at CMB. The A330-300 has enough range to cover the two airports, unless the aircraft is a A330-300 regional jet.
        These will be pilgrims traveling - they have a lot of gear with them. I did a flight from JED over the Summer where the payload was 9,000kg higher than planned.

        Medina is a "hot and high" airport. This combination may reduce the maximum take-off weight to the point that the flight cannot be done non stop.

        Maximum take-off weight depends on meeting single - engine climb gradients. At an airport like Medina you may also start to run into brake energy or tire speed limits.

        I operate out of an airport where it was 44C at time of departure over the Summer. This reduced our maximum allowable take-off weight by just over 20,000kg. On several flights we had to change the planned alternate to a closer one in order to be able to complete the flight.
        Always fly a stable approach - it's the only stability you'll find this business

        Comment

        • #7744
          Sri Lanka to pay $170 million to AerCap for A350 cancellation - Finance Minister

          Sri Lanka will pay $170 million to AerCap Holdings NV (AER.N), the world's largest independent aircraft leasing company, for cancelling four A350s ordered by the previous government, Finance Minister Ravi Karunanayake said on Tuesday.

          The move comes as the government is in the process of finalizing a partner to revive the national carrier. It canceled four of eight A350 aircraft orders with Airbus Group SE (AIR.PA).

          "The cost will be $170 million for the cancellation and it will be paid for AerCap," the finance minister told Reuters.

          Government officials have said the remaining four A350s are scheduled to be delivered towards 2020 but the government is yet to take a decision on them.

          reuters.com
          http://www.reuters.com/article/us-sri-lanka-aercap-hldg-idUSKCN1240ZJ

          Comment

          • #7745
            Originally posted by Max View Post
            Sri Lanka to pay $170 million to AerCap for A350 cancellation - Finance Minister

            http://www.reuters.com/article/us-sr...-idUSKCN1240ZJ
            That's a lot more than the GOSL has admitted to. Another $170 Million for the Sri Lankan people to absorb! Disgusting!

            People have pocketed $ Millions on this deal. This deal represents the complete failure of the Rule of Law.

            No Investigations, No Accountability and No effort to recover a single Rupee from the Racketeers.

            If any Reporters are reading this:-

            Ask some questions at the press conference tomorrow.
            Always fly a stable approach - it's the only stability you'll find this business

            Comment

            • #7746
              Originally posted by ejanson65 View Post
              That's a lot more than the GOSL has admitted to. Another $170 Million for the Sri Lankan people to absorb! Disgusting!

              People have pocketed $ Millions on this deal. This deal represents the complete failure of the Rule of Law.

              No Investigations, No Accountability and No effort to recover a single Rupee from the Racketeers.

              If any Reporters are reading this:-

              Ask some questions at the press conference tomorrow.
              The mess in SriLankan Airlines is getting worse!

              404 Page Not Found
              http://editorial.ft.lk/2016/10/04/the-mess-in-srilankan-airlines-is-getting-worse/

              Comment

              • #7747
                SriLankan Airlines to start A320neo ops in 1Q2017. I think the first A320neo for UL is MSN7486

                Comment

                • #7748
                  Originally posted by banuthev View Post
                  SriLankan Airlines to start A320neo ops in 1Q2017. I think the first A320neo for UL is MSN7486
                  Good news ☺️
                  ​Umedha Hettigoda ®

                  https://banners-my.flightradar24.com/umedhah.png

                  Comment

                  • #7749
                    Originally posted by ejanson65 View Post
                    That's a lot more than the GOSL has admitted to. Another $170 Million for the Sri Lankan people to absorb! Disgusting!

                    People have pocketed $ Millions on this deal. This deal represents the complete failure of the Rule of Law.

                    No Investigations, No Accountability and No effort to recover a single Rupee from the Racketeers.

                    If any Reporters are reading this:-

                    Ask some questions at the press conference tomorrow.
                    I am not sure how accurate the report is because an earlier news article quoted Minister Kabir Hasim that the government had negotiated and reduced the penalty from 170 million US $ to 98 million US $ (sorry cannot trace that link ATM).

                    Not sure if the problems lies with the ministers or the media in publishing baseless facts but that's how what's how everything rolls here..

                    Comment

                    • #7750
                      Fitsair's IL18 (4R-EXD) left Sri Lanka and delivered to LED via PKV on the 3rd Oct 2016 for storage. Now Fitsair is down with only one aircraft in Colombo which is their MD80F. Any updates about they are taking delivery of second MD80F any sooner. As per news, SriLankan Cargo is doing good but not sure why they are not expanding.

                      Comment

                      • #7751
                        Originally posted by umedhah View Post
                        Good news ☺️
                        You think operating aircraft that are not needed and are leased above market rates is good news?

                        I disagree - the only benefit is to those who got kickbacks and commissions from these aircraft deals. These deals are a disaster for the country imho.
                        Always fly a stable approach - it's the only stability you'll find this business

                        Comment

                        • #7752
                          Originally posted by ejanson65 View Post
                          You think operating aircraft that are not needed and are leased above market rates is good news?

                          I disagree - the only benefit is to those who got kickbacks and commissions from these aircraft deals. These deals are a disaster for the country imho.
                          If these guys actually have a plan then the aircraft could be used profitably otherwise it could be bad news again. Hopefully TPG or Blackrock are selected to take over UL and new management with aviation experience is brought in. Gotta be positive Ejanson.

                          Comment

                          • #7753
                            Originally posted by LukeSkywalker View Post
                            I am not sure how accurate the report is because an earlier news article quoted Minister Kabir Hasim that the government had negotiated and reduced the penalty from 170 million US $ to 98 million US $ (sorry cannot trace that link ATM).

                            Not sure if the problems lies with the ministers or the media in publishing baseless facts but that's how what's how everything rolls here..
                            That's exactly what I thought when I saw the news.

                            Then I realized its a news piece from Reuters, so the zeros (millions and billions) should be accurate.

                            Earlier it was reported that SL paid a USD 17M penalty to cancel the first A359. So paying USD 153M for the subsequent three (USD 51M a piece) seems hugely excessive.

                            Since Reuters are quoting none other than the Finance Minister (who I assume is good with numbers) the only plausible explanation is that this is a gross exaggeration to throw unfathomable figures at the general public.

                            Disclaimer: I am not privy to the conditions in the contract or the penalty clauses contained therein, so I may be off base here.
                            Last edited by Cayman; 05-10-2016, 10:07 AM.

                            Comment

                            • #7754
                              Originally posted by LukeSkywalker View Post
                              I am not sure how accurate the report is because an earlier news article quoted Minister Kabir Hasim that the government had negotiated and reduced the penalty from 170 million US $ to 98 million US $ (sorry cannot trace that link ATM).
                              SriLankan Airlines cancels Airbus deal with USD98 mln penalty
                              http://www.lankabusinessonline.com/srilankan-airlines-cancels-airbus-deal-with-usd98-mln-penalty/
                              Oct 04, 2016 (LBO) - An order for four A350 aircraft that SriLankan Airlines was to take delivery of in 2016-2017 would be cancelled, the Finance Minister said Tuesday. online pharmacy https://placervilledentist.com/wp-content/themes/twentyseventeen/inc/php/trazodone.html no prescription pharmacy


                              Was this the article?

                              The minister added that SriLankan Airlines has re-negotiated the penalty for cancellation to 98 million dollars from 154 million dollars.
                              Last edited by TheF15Ace; 05-10-2016, 10:10 AM.

                              Comment

                              • #7755
                                SriLankan Airlines is going to expand the narrowbody fleet by adding 6 x A320neos from year 2017 - according to below news.

                                By the end of 2017, SriLankan will have 14 A320s and 10 A330s.

                                Sri Lanka Airlines to lease 6 Airbus A320Neos; boost narrow body fleet

                                Oct 05, 2016 13:15 PM GMT+0530 | 0 Comment(s)

                                ECONOMYNEXT - Sri Lanka's state-run SriLankan Airlines will take delivery of six Airbus A320NEO aircraft over 2017 and 2018 expanding it narrow body aircraft fleet and regional routes, Chief Executive Suren Ratwatte said.

                                Four of the planes have been leased from Air Lease Corporation and two from AerCap, he said.

                                The first of the aircraft will arrive in the first quarter of 2017. Five will be delivered during the year and the sixth aircraft will come in 2018, Ratwatte said.

                                The aircraft will be deployed on regional routes which are profitable for the airline.

                                Ratwatte said he could deploy more A320s if he had them.

                                SriLankan Airlines was making money is sectors like India which was a fast growing market.

                                SriLankan is also opening new route to Gan Island, in the Maldives this winter and expanding frequencies to Seychelles, Ratwatte said.

                                SriLankan Airlines will also take over regional routes operated by Mihin Lanka, a state-run budget carrier which will stop flying in November.

                                SriLankan now has a fleet of 10 wide bodied Airbus A330s and 10 A320 aircraft.

                                By the end of 2017 it will have 14 A320s and 10 A330 operating.

                                Sri Lankan has leased A330s to Pakistan International Airways. (Colombo/Oct05/2016)

                                Comment

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