SriLankan Airlines should show operational and financial progress in the next six months, Minister of Aviation Nimal Siripala de Silva said.
Minister Nimal Siripala said progress should be shown as the Government has provided necessary assistance by absorbing the USD 510 million outstanding debt by the national carrier.
SriLankan Airlines has faced severe criticism in the recent past due to the severe inconvenience caused to passengers as a result of operational issues.
However, based on a proposal by the President, as the Finance Minister, the government has allocated funds to cover US$ 510 million from the total US$ 1.2 billion debt that the airline owed to banks and other institutions, he said.
The minister said that accordingly, with an attractive financial balance sheet, SriLankan Airlines plans to undergo restructuring in the next six months.
Minister Nimal Siripala further said that unnecessary expenses of the airline must be cut down, while good financial discipline should be established in the company during the next 6 months.
Stating that administration officials and Trade Union representatives must work together to support this cause, he also warned that there will be instability in the jobs of nearly 6000 employees.
According to Lankadeepa newspaper, Minister Nimal Siripala de Silva made the remarks during a special discussion held with the administration and trade union representatives of SriLankan Airlines today (Mar 11). (NewsWire)