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  • #8161
    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.

    http://newsfirst.lk/english/2017/02/161038/161038

    Comment

    • #8162
      Originally posted by ejanson65 View Post
      I've had a quick look at it. My commentary follows:-
      Thanks Ejanson! Didn't wan't to quote your whole post but thanks for confirming what we all thought. It really doesnt look good for UL.



      Originally posted by Max View Post
      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.

      http://newsfirst.lk/english/2017/02/161038/161038

      He added that it is not known if Peace Air made the highest bid since the bids have not been made public but according to information TPG will fire 3500 persons
      IMHO if TPG wants to fire 3500 people they should win since they are obviously the most realistic out of everyone involved! Its a neccessary evil to get UL out of the frying pan if its ever possible.

      Comment

      • #8163
        IMHO if TPG wants to fire 3500 people they should win since they are obviously the most realistic out of everyone involved! Its a neccessary evil to get UL out of the frying pan if its ever possible.
        The firing story and Peace Air's agreement signing with the trade unions seem to indicate that they know someone else is going to win the bid and are getting ready for disruption.

        Unfortunately this has been the problem and eternal curse for Sri Lanka in general; whenever something good happens there are always morons like this who disrupt it for their own benefit....

        Comment

        • #8164
          SriLankan Airlines bidders narrowed from 8 to 1

          http://www.ft.lk/article/595749/SriL...ed-from-8-to-1

          “We’ve been through an open, transparent process and we have now got down from eight to just one player. And the player is a private equity company."

          Well that has let the cat out of the bag without divulging the name.

          Cue for those clowns to start holding more media conferences and entertain us and UL unions to start protesting that a valuable national asset is being sold off, there will be probably even learned members of the previous regime who got UL into this mess offering their 2 cents and organize more protests.
          Last edited by LukeSkywalker; 03-02-2017, 01:18 AM.

          Comment

          • #8165
            PEACE AIR and Srilankan airlines union agreement

            PEACE AIR and Srilankan airlines union agreement
            Attached Files

            Comment

            • #8166
              Originally posted by ULAirways View Post
              PEACE AIR and Srilankan airlines union agreement
              Financial Crimes Investigation Division (FCID) must investigate this Peace Air Company to check how they are going to bring US$ 5 Billion in to Sri Lankan Airlines.

              Not a single Sri Lankan conglomerate based in Colombo is capable to invest US$ 5 Billion in to Sri Lankan Airlines.

              Peace Air = Black Money – Still they didn’t declare source of funds.


              Comment

              • #8167
                Originally posted by ULAirways View Post
                PEACE AIR and Srilankan airlines union agreement
                You joined the forum for the singular purpose of posting peace air propaganda material?

                Comment

                • #8168
                  Originally posted by Max View Post
                  Financial Crimes Investigation Division (FCID) must investigate this Peace Air Company to check how they are going to bring US$ 5 Billion in to Sri Lankan Airlines.

                  Not a single Sri Lankan conglomerate based in Colombo is capable to invest US$ 5 Billion in to Sri Lankan Airlines.

                  Peace Air = Black Money – Still they didn’t declare source of funds.


                  It's not a question of black money, I think they are a couple of con artists and wouldn't be surprised if they don't have a cent.

                  If they have such a huge amount of money from ill gotten gains they wouldn't be embarking on such a foolish scheme to waste all of it in a couple of months time.
                  Last edited by LukeSkywalker; 03-02-2017, 06:22 AM.

                  Comment

                  • #8169
                    Originally posted by LukeSkywalker View Post
                    It's not a question of black money, I think they are a couple of con artists and wouldn't be surprised if they don't have a cent.

                    If they have such a huge amount of money from ill gotten gains they wouldn't be embarking on such a foolish scheme to waste all of it in a couple of months time.
                    Trade unions cannot enter into any agreements with external parties without the approval of Senior Management,
                    and this Peace Air nonsense needs to stop.

                    Any individual with a basic education level won't associate with this Peace Air nonsense.

                    Comment

                    • #8170
                      Originally posted by LukeSkywalker View Post
                      It's not a question of black money, I think they are a couple of con artists and wouldn't be surprised if they don't have a cent.

                      If they have such a huge amount of money from ill gotten gains they wouldn't be embarking on such a foolish scheme to waste all of it in a couple of months time.
                      That's my take on Peace Air as well. I'm not sure what they hope to get out of this.

                      As for the sale:-

                      GOSL want to sell 49% of the Airline - so they have the final say in all decisions.

                      So that means any investor will have to pay $40 Million/year (49% of the losses) with no end in sight and also have to absorb several Billion dollars of liabilities in the future. In addition all decisions can be overturned by the GOSL.

                      Any investor will also need to tackle the rampant corruption and Racketeering - all those involved are protected at the highest level. Not going to happen imho.

                      This makes no sense whatsoever - nobody will invest under these circumstances. As soon as any investor figures this out they're gone!

                      The fact that no Airline will touch this already says enough.
                      Last edited by ejanson65; 03-02-2017, 08:00 AM. Reason: added text
                      Always fly a stable approach - it's the only stability you'll find this business

                      Comment

                      • #8171
                        Originally posted by LukeSkywalker View Post
                        You joined the forum for the singular purpose of posting peace air propaganda material?
                        i dont want post peace air propoganda i want konw share with u the hidden details from media are you everknow abouth these things :P :P

                        Comment

                        • #8172
                          and today in the flightline
                          A320neo SriLankan Airlines 4R-ANA by Tobias Gudat, auf Flickr

                          Comment

                          • #8173
                            Originally posted by XFW-Spotter View Post
                            and today in the flightline
                            A320neo SriLankan Airlines 4R-ANA by Tobias Gudat, auf Flickr
                            Well done XFW-Spotter! Good job spotting 4R-ANA Keep all the supern photos coming, and let us know of the test flight day as well!
                            Haleef Ismail
                            www.youtube.com/haleef1 | www.instagram.com/cmb_spotter

                            Comment

                            • #8174
                              Originally posted by Haleef View Post
                              Well done XFW-Spotter! Good job spotting 4R-ANA Keep all the supern photos coming, and let us know of the test flight day as well!
                              next week not more time from more pic from me, but other spotter in XFW

                              Comment

                              • #8175
                                Originally posted by XFW-Spotter View Post
                                next week not more time from more pic from me, but other spotter in XFW
                                Very good picture ! Thanks a lot for sharing the picture with us. It looks like she spent more time in the hangar as Engines were delivered very recently if iam not mistaken. When does Airbus is planning to give her engine-run?

                                Comment

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