SRI LANKA NEWS (MARCH 2020) – Compiled by Victor Melder.   Sri Lanka’s national carrier SriLankan Airlines is expected to lose 130 million US dollars (about 26 billion rupees) in the year to March 2020, officials said, taking total losses under full state ownership and management to 232 billion rupees. The airline would also need a 300 million dollar capital injection to reduce a spiral of debt, officials said. “We estimate that by this March we will lose about 130 million US dollars,” newly appointed SriLankan Airlines Chairman Ashok Pathirage told the parliament’s Committee on Public Enterprises. The Easter Sunday bombings had hurt the airline and it the ongoing Coronavirus epidemic was also negative with flight to China being cut. However in 2021, the Airline was expecting to cut losses to about 30 million dollars, he said. The Airlines started to lose money under state management, from 2008. ...

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