Originally posted by banuthev
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Another corrupt deal without a termination clause. That's why all the "Big Talk" about converting this order has gone quiet. The GOSL has to pay up!
Also explains why UL suddenly needed a loan - to pay off the next installment.
4 A350 cost $1.1 Billion. Normally Airlines negotiate a discount but given that this deal is all about the commissions it's quite possible they are paying full price. That means that even if they can sell the production slots they will take a huge loss as they will need to sell at at a huge discount. More huge losses for the people of Sri Lanka to pay off.
Doesn't look like there's going to be an investigation so we may never know the full story.
Another financial disaster on top of everything else.
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