SriLankan Airlines needs to find a suitable partner soon – CEO Suren Ratwatte

The restructuring process of Sri Lanka’s national carrier, Sri Lankan Airline is ongoing at the moment, CEO of SriLankan Airlines Suren Ratwatte said.  He stated that they have submitted a plan to the government and are awaiting for their approval.

“This is peak time. July-August is the busiest time in the airline world as you know. Not a good time to disrupt anything,” he said, in an interview with Bloomberg.

He said that the privatisation plans are in the hands of the government who is the majority shareholder and that is being pursued by a council of ministers. The airline itself is not actually involved in that, he said.

Ratwatte said that the restructuring will not be drastic and that the fleet rationalization has pretty much happened already. “We might lose one or two more aircraft and there are people interested in taking them.”

 

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