The Sri Lankan government will wait until after the upcoming presidential election to decide how and when to sell a stake in SriLankan Airlines (UL, Colombo International), according to Colombo's Daily Mail. The election is due to be held on September 21, 2024.
The government recently pulled the plug on plans to sell a 51% stake in the state-owned airline after none of the six parties that lodged expressions of interest were deemed suitable.
Shortly afterwards, the government said it still wanted to sell the stake but would develop an alternative strategy to do this. The minister responsible for SriLankan Airlines, Nimal Siripala de Silva, has also indicated he wants to restructure the airline but has yet to explain what that would involve.
According to ch-aviation PRO airlines, SriLankan Airlines flies to 37 airports in 21 countries with a fleet of 22 aircraft, including seven A320-200s, two A320-200N, four A321-200N, two A330-200s, and seven A330-300s.
