Budget allocates capital for infusion into Sri Lankan Airlines | Daily News

Budget allocates capital for infusion into Sri Lankan Airlines

Prime Minister Mahinda Rajapaksa in the allocation speech to parliament said: ‘Sri Lankan Airlines (SLA) is the national carrier. Due to the suspension in 2015 of the programme commenced in 2013 to strengthen the SLA by infusing capital of USD 500 million over 5 years, and the subsequent efforts to privatize the SLA, has made it financially weak. As such, it is expected to infuse USD 500 million of capital in the medium term and of which USD 150 million would be provided in 2020.’