• Tuesday, May 17, 2022

Business

Sri Lanka ‘to pay $115 million for cancelling planes’

CEO of SriLankan Airlines Suren Ratwatte at a press conference in Colombo

By: Eastern Eye Staff

Sri Lanka’s cash-strapped national carrier said on Wednesday (October 5) it will pay a penalty for cancelling leases on four Airbus A350s, with official sources putting the figure at about $115 million (£90m). SriLankan Airlines chairman Ajith Dias said it cancelled four of the long-route planes from leasing giant AerCap that had been contracted by the former government. Dias, who did not give a figure for the penalty, told reporters the planes were not required as the airline was focusing on more profitable short-haul flights. The move comes as the current government is in the process of finalising a partner…

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