Tuesday, 23 April 2024 11:29

AirAsia and FitsAir among bidders for SriLankan Airlines Featured

Malaysian budget carrier 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.

FitsAir, Sri Lanka’s privately-owned low-cost airline, has also submitted a RfQ for the acquisition of shares in SriLankan Airlines.

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

 

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