CEO Morning Brief

AirAsia Among Bidders for Sri Lanka's National Carrier

edgeinvest
Publish date: Tue, 23 Apr 2024, 09:26 AM
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TheEdge CEO Morning Brief

COLOMBO (April 22): AirAsia is among six bidders for Sri Lanka's state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a US$2.9 billion (RM13.8 billion) International Monetary Fund (IMF) programme.

AirAsia Consulting has submitted a request for qualification from potential investors for the acquisition of shares in SriLankan Airlines Limited, a statement released by Sri Lanka's finance ministry said.

The document also named Dharshaan Elite Investment Holding (Pvt) Ltd, FITS Aviation (Private) Limited, Sherisha Technologies Private Limited, Treasure Republic Guardians Limited and local conglomerate Hayleys PLC as the other bidders.

Source: TheEdge - 23 Apr 2024

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