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  • Originally posted by channa View Post
    Qatar Airways has increased DOH-CMB frequency with additional flight QR 656/657 operated by Airbus A 320
    Well this is an old news... in fact what had happen they have resume 5 flights a day frequency along with the season..
    i guess Qatar is now only foreign career to have 5 flights a day..

    there was a rumor sometimes back (last year) Emirates also wants to increase DXB-CMB frequency .. any update on this

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    • SriLankan Airlines confirmed plans to suspend three times weekly Colombo-Visakhapatnam service, effective 27 October

      Comment


      • Originally posted by Aaqib View Post
        "The both way passenger traffic is only 40-50%, hence is not viable"quite similar to Mihin Lanka then, where most of their flights were either "half full or empty"
        Unfortunately GAN is also performing the same way
        Pathetic!

        How is the CMB-HYD performing? and also would Goa (GOI) be a better option rather than VTZ?
        CMB-HYD is doing okay right now but more support needed. Average load factor is 70% but the yield is very low. I prefer they resume Kozhikode or start serving Ahamabad or something where we can make some money

        Comment


        • Sri Lankan Catering IPO blocked by Treasury at last minute: inquiry

          ECONOMYNEXT- A public listing of the catering unit of Sri Lankan airlines in 2011 to raise 42 million dollars was blocked by the Treasury at the last minute, de-railing a restructuring and planned cashflows of the carrier, an official told a commission of inquiry.

          Head of Financial Management Yasantha Dissanayake, testifying at a Presidential Commission of Inquiry, said that the initial public offering (IPO) for SriLankan Catering was ready to launch, with applications submitted to the Colombo Stock Exchange and the Securities and Exchange Commission.

          "It was ready to go but the Treasury rejected it," he said.

          Then Chief Executive Manoj Gunawardena had planned the IPO, and the Bank of Ceylon had done a lot of work as the manager for the issue, Dissanayake said.

          "A lot of work was done. We converted some director positions to independent directors as per listing requirements and a prospectus was done," he said.

          Upon questioning from Senior Deputy Solicitor General Niel Unamboowe, Dissanayake said he believes the Treasury had given the initial go ahead for the IPO, which sought to list 40 percent of SriLankan Catering to raise 42 million dollars.

          He said during this period, SriLankan Airlines was facing a negative net cash flow which was worse than budgeted each month, and its equity was beginning to deteriorate.

          He said that fuel prices were rising after falling in 2009, putting pressure on the airline’s costs.

          "The IPO which was to come never came. That made the problem worse," he said.

          Dissanayake in earlier testimony had said that a 2008 business plan formulated by Gunawardena and then Chief Financial Officer Senaka Chandrasekara sought to raise 50 million dollars by listing minority stakes of SriLankan Catering and SriLankan Ground Handling and another 30 million dollars by listing a small stake of SriLankan Engineering.

          However, Dissanayake yesterday said that then Treasury Secretary P. B. Jayasundera had halted the business plan, saying he preferred a more aggressive one.

          Jayasundera had also prevented bonds given for re-structuring to be sold to raise cash for current spending, the commission heard. (Colombo/Sept27/2018)

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          • Originally posted by ULA340 View Post
            CMB-HYD is doing okay right now but more support needed. Average load factor is 70% but the yield is very low. I prefer they resume Kozhikode or start serving Ahamabad or something where we can make some money
            The lease rates on the new fleet are so high that it is impossible to make money operating these aircraft.

            Makes no difference where they operate to.

            I don't believe there are any profitable routes - massive losses support this. I have yet to hear anyone at UL claim any routes are profitable.

            Even Suren has written about this - although he was quite happy to collect big money for doing absolutely nothing!
            Always fly a stable approach - it's the only stability you'll find this business

            Comment


            • Originally posted by channa View Post
              Qatar Airways has increased DOH-CMB frequency with additional flight QR 656/657 operated by Airbus A 320
              Yes QR has resumed 5th Daily flights to Colombo Airport. Please find the flight time table and the photo which shows 2xQR aircraft parked at CMB.

              DOH-CMB
              01:00-08:45-QR656-A320-DAILY
              02:10-09:55-QR664-EQV-DAILY
              07:35-15:20-QR654-EQV-MO.TU.TH.FR.SA.SU
              10:00-17:45-QR654-A346-DAILY
              18:00-01:45-QR668-B773-DAILY
              19:00-02:50-QR662-A350-DAILY

              photo source : lankaflyer
              Attached Files

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              • Originally posted by Serendib View Post
                SriLankan Airlines confirmed plans to suspend three times weekly Colombo-Visakhapatnam service, effective 27 October
                More Ground Time = More Profits

                Comment


                • Cardinal, politics, force SriLankan to fly to Rome, Moscow despite losses: inquiry

                  Delays in clearing cargo in Sri Lanka is pushing up costs for business and consumers, undermines global competitiveness and is also promoting competitiveness, according to a Ceylon Chamber of Commerce paper.

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                  • Originally posted by ULA340 View Post
                    CMB-HYD is doing okay right now but more support needed. Average load factor is 70% but the yield is very low. I prefer they resume Kozhikode or start serving Ahamabad or something where we can make some money
                    I'd definitely opt for AMD over any other destination in India, quite simply because of Cargo Volume as well as High Outbound Traffic in terms of Pax

                    Most Airfreight from AMD come to Lanka via either BOM or DEL which increase lead times.
                    Thereby a 3-4 x Weekly Connection would be recommended
                    -Aaqib Hussain
                    (Aviation Analyst | Content Creator)
                    www.youtube.com/airlines747

                    Comment


                    • According to a post on airliners.net Etihad Cargo has pulled out of CMB, are Columbus charters affected as well?

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                      • Originally posted by newsflasher View Post
                        According to a post on airliners.net Etihad Cargo has pulled out of CMB, are Columbus charters affected as well?
                        I wonder why CMB should be affected from EY Cargo's restructuring network. Because EY's CMB freighters are being deployed on B77F but EY are returning only 5xA33F to DHL. Trinity Logistics have informed recently that they have very good freighter demand from CMB and renewing the cargo-shipping contract with EY effective Oct 2018.

                        Comment


                        • Originally posted by Serendib View Post
                          Cardinal, politics, force SriLankan to fly to Rome, Moscow despite losses: inquiry

                          https://economynext.com/Cardinal,_po...-12036-10.html
                          Rome flights were reinstated due to a request from the Sri Lankan diaspora living in Italy.

                          Comment


                          • Originally posted by banuthev View Post
                            I wonder why CMB should be affected from EY Cargo's restructuring network. Because EY's CMB freighters are being deployed on B77F but EY are returning only 5xA33F to DHL. Trinity Logistics have informed recently that they have very good freighter demand from CMB and renewing the cargo-shipping contract with EY effective Oct 2018.
                            Etihad Cargo schedule shows 12 Oct and 29 Oct as last two services inluding CMB-LCK i.e Columbus, unless they are yet to load winter schedule.

                            Btw the A33F launch customer were EY and they were sold to DHL.

                            Comment


                            • Originally posted by SKYBUCK729 View Post
                              Rome flights were reinstated due to a request from the Sri Lankan diaspora living in Italy.
                              More and more revelations and still no arrests or charges against any people named so far.
                              Always fly a stable approach - it's the only stability you'll find this business

                              Comment


                              • SriLankan Airlines increases flights to London Heathrow Airport

                                SriLankan Airlines will be increasing the frequency of flights to London Heathrow Airport from 7 to 9 weekly , effective 27 October 2018.

                                Currently, SriLankan's 7 weekly flights are departing Colombo at 13:05hrs and arriving in London at 20:00hrs and the return flight from London departing at 21:30hrs and arriving in Colombo at 12:45hrs.

                                SriLankan has revised the flight times to London and going to operate the additional seasonal flights on Saturdays & Sundays for European Winter season.

                                All SriLankan's London flights are operated onboard state of art brand new Airbus A330-343 aircraft.

                                Winter 2018 Flight Schedule

                                CMB-LHR- 02:20-08:40-UL505-AIRBUS A333 - SAT.SUN
                                CMB-LHR- 12:50-19:10-UL501-AIRBUS A333 - DAILY

                                LHR-CMB-12:35-04:35-UL506-AIRBUS A333 - SAT.SUN
                                LHR-CMB-20:40-12:40-UL502-AIRBUS A333 - DAILY

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