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Originally posted by lordvader
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Harry J's credibility is as low as SL politicians...people who knows about Harry J knows what type of person he is -
I was just thinking about these lease contracts.
- 12 years with no termination clause.
- Lease prices above market rates.
This is a disaster for the Airline.
However this increases the value of this deal - and increases the Commission paid out.
Deliberate or incompetence?
All the more reason to investigate this deal - nothing would surprise me anymore.Always fly a stable approach - it's the only stability you'll find this businessComment
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What little I found on the SLIC deal..... I remember there was some inquiries at that time, but not sure of the eventual outcome. How did Sri Lanka Insuarance fare after this deal?Originally posted by Speedbird View Post
The sale of SLIC was conducted by a Tender Board which did not have the approval of the Cabinet. Though Jayawardena’s Aitken Spence, Distilleries and Aitken Spence Insurance were awarded the sale, SLIC was eventually bought over by hitherto unknown offshore companies which were not even evaluated by the Tender Board. One of these companies, Greenfield Pacific Holdings of Gibraltar had not even been in existence at the time the cabinet awarded the shares of SLIC to the Aitken Spence conglomerate
http://www.nation.lk/2007/05/27/news1.htmComment
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Now 4R-ANA is inactive since 13 June .Originally posted by Haleef View Post
Furthermore yesterday's abu dhabi flight was supposed to be by 4R-ANB but faced a 4.5 hour delay and they had put 4R-ABM
Any idea what's going on with the neos?Comment
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The Board remains in place - "Business" as usual!
Looks like they don't even have the money to pay Aercap. As I stated previously the A350 will be the final nail in the UL coffin.Always fly a stable approach - it's the only stability you'll find this businessComment
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4R-ANB flew to Trivandrum yesterday in the morning. My father operated on that flight. Have a few pictures, will try to share. I think this was its' second flight after being fixed. It was grounded for I think a week due to a technical fault.Originally posted by 4R-ALA View PostComment
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Rumour: SriLankan might go for A330neos in replacement of the remaining A359 aircraft?Comment
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Why does UL need more long haul aircraft when they want expand regionally? Isn't that bad idea to get expensive aircraft like A330neo.Originally posted by Haleef View PostComment
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Well this minor compared some of the other shenanigans...GOSL took over SLIC backOriginally posted by LukeSkywalker View PostComment
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September deadline for SriLankan - no more bailouts
meh...so says a politician
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That's bankruptcy then - there are no other options.Originally posted by Speedbird View Post
The only thing that changes between now and September is several $Million more in losses.
The moment the GOSL stops putting money in this is finished.Always fly a stable approach - it's the only stability you'll find this businessComment
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These are easily obtainable - why the need for a report? Too little to late imho.
13000pounds - sounds like former CEO Manoj Gunawardene who's been living in London at the expense of the Airline.
This has been going on for years and now it's suddenly an issue?
This is all talk - nothing will happen as usual. These people protect each other.Always fly a stable approach - it's the only stability you'll find this businessComment
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If I had to guess - this looks like another 12 year contract at above market rates without a termination clauseOriginally posted by banuthev View Post
The Airline has to pay no matter what - another Epic Fail and a complete disaster.
Best thing is to close UL down today imho.Always fly a stable approach - it's the only stability you'll find this businessComment
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