Peace Airways and SriLankan Airlines union signing agreement is being done at current moment.
Jan 31st 2017.

So peace air confirm buying Srilankan

These people are frauds - not sure why anyone pays any attention to them.

Lufthansa Consulting hasn't responded to my query about these people - not really a surprise.

Absolutely correct ! They must be investing the Black Money. It looks like real bad time ahead for SriLankan. Peace Air also was talking about resuming Mihin Lanka operation.

keep 'em coming AirbusXFW !!! When is her first flight??

Source? Media reports before said TPG were the frontrunners.

Yaaaay she has got the under belly sticker����

peace air yesterday press conferance

Looks more of an attempt to get the unions to get behind them with more empty promises.

At least this press conference looks a bit professional unlike the last crazy one, hopefully the process is sorted out soon and given to someone else so we don't have to listen to nonsense like this frequently.

Nice shots.. why is she having the German flag on the tail and Germen Registration? Usually most Test Regos are French

yes in full color and with engines
A320neoSriLankan Airlines 4R-ANA by Tobias Gudat, auf Flickr

Airbus Factory in Hamburg do deliver A320 family and A380 aircraft to the customers. It's wearing the "D-" as a test registration because all part of testing for the airframe (MSN7486) are going to be carried out in Hamburg in Germany. 2nd A320neo (MSN7535/F-WWIQ) for SriLankan is going to be assembled and tested in Toulouse in France before delivery.

Great capture ! Thanks for sharing with us. When did you take the picture? Is she ready to come out from the hangar? Hope the cabins and seats have been fitted already.

I've had a quick look at it. My commentary follows:-

The title is "The skies are clearing" Really? With huge debts and even larger future liabilities?

It must refer to the Racketeers. The skies are clearing as no action will be taken against them! Got it!


Losses for the year $80.6 Million
This is unsustainable imho. Most of the reduction came from lower fuel prices - even Ajith Dias admits this. Nobody will touch this imho.


Statements from the Chairman and CEO
Plenty of talk but very little facts - as usual. No dates, no amounts and very little in the way of specifics.
These guys are political appointees - enough said.

List of Board Members
Shocking lack of Airline experience.
These guys are political appointees - enough said.

List of key managers within the Airline
Shocking lack of Airline experience.
One guy comes from Arik Air in Nigeria. I sub-contracted there for 6 months. The most dysfunctional Airline I have ever seen - a complete joke. Anyone in management at Arik Air should never be hired by anyone else.
At least one of them belongs in Prison for their actions detailed in the Weliamuna Report.

With one or two exceptions I don't believe anyone listed in this report could hold the equivalent position at any other Airline.

Lease Costs
Lease costs increased by 23.4%. That tends to happen when you lease aircraft at above market rates. This has doomed the Airline imho.

A350 Cancellation
Report shows $17.1 Million for cancelling one aircraft. Costs for the other 3 (+4 more from airbus) will be included in next years report.


The really interesting part starts on page 41.

In the past the financial reports were signed off by Ernst and Young an independent accounting firm. That's not the case this year.
This year's report is signed of by the Auditor General of the GOSL. What we have here is a government company being audited by the government.

This is a clear conflict of interest and raises a lot of questions about the accuracy of the information in the report.

No explanation of why the report is so late and no reason why the financial statements are not signed off by an independent accountant.

I guess people will have to decide whether to believe what they are being told by the GOSL. A quick look at the local newspapers gives me the answer.

Minister of Public Enterprises Development Kabir Hashim notes that an investor has been selected for a public private partnership with SriLankan Airlines.

The minister notes that the details of the investor have now been forwarded to the Prime Minister.

The Minister notes that the selected investor was one of the three shortlisted companies that was chosen through a tender process.

When questioned regarding the name of the company who are front-runners in the bid, the Minister said that he cannot reveal details since he is not in the committee.

According to the minister, if the bids don’t meet the requirements another would be called for and the committee is yet to inform if the bids have been selected or not.