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SriLankan Airlines Up for Sale: Government Seeks US$500M Capital Injection in Debt Restructuring Drive
The Sri Lankan government has issued an Expression of Interest for the divestiture of SriLankan Airlines, seeking a capital injection of at least US$500 million while offering up to 49 per cent of shares and retaining 51 per cent, or considering an outright sale. The move forms part of the country's broader debt restructuring drive, with the airline's debt reported at over US$1.3 billion as of March 2023.
Sources1carried itMR1 of 19 news outlets we monitor
Figures8as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
How the reporting differs
one source so far
Maldives RepublicNews outlet
SriLankan Airlines Up for Sale: Government Seeks US$500M Capital Injection in Debt Restructuring Drive
at least US$500 million Capital injection sought from sale of SriLankan Airlines
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Figures in these reports
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at least US$500 millionCapital injection sought from sale of SriLankan AirlinesMaldives RepublicThe Sri Lankan government has issued an Expression of Interest (EOI) for the divestiture of its national carrier, SriLankan Airlines, calling for a capital injection of at least US$500 million.
Word for word from the report in Maldives Republic. Open the report
23 Airbus aircraftFleet size of SriLankan AirlinesMaldives RepublicSriLankan Airlines currently operates a fleet of 23 Airbus aircraft, serving a network of 39 global destinations.
Word for word from the report in Maldives Republic. Open the report
39 global destinationsDestinations servedMaldives RepublicSriLankan Airlines currently operates a fleet of 23 Airbus aircraft, serving a network of 39 global destinations.
Word for word from the report in Maldives Republic. Open the report
up to 49 per centShare offered by governmentMaldives RepublicThe government offers up to 49 per cent of shares in SriLankan Airlines while retaining a 51 per cent stake, or even considers an outright sale based on the offers received.
Word for word from the report in Maldives Republic. Open the report
51 per centShare retained by governmentMaldives RepublicThe government offers up to 49 per cent of shares in SriLankan Airlines while retaining a 51 per cent stake, or even considers an outright sale based on the offers received.
Word for word from the report in Maldives Republic. Open the report
over US$1.3 billionSriLankan Airlines debtMaldives RepublicThe airline has been making significant losses for several years and its debt ballooned to over US$1.3 billion as reported in March 2023.
Word for word from the report in Maldives Republic. Open the report
Rs 175 billionTreasury Bond defaultMaldives RepublicA recent default on a Treasury Bond of Rs 175 billion has compounded the airline’s financial troubles.
Word for word from the report in Maldives Republic. Open the report
Rs 15 billionAnnual profit of catering and ground handling operationsMaldives RepublicThe airline’s catering service and ground handling operations generate an annual profit of Rs 15 billion.
Word for word from the report in Maldives Republic. Open the report
Other events named
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The Sri Lankan government issued an Expression of Interest for the divestiture of SriLankan Airlines.Sri LankaMaldives RepublicThe Sri Lankan government has issued an Expression of Interest (EOI) for the divestiture of its national carrier, SriLankan Airlines, calling for a capital injection of at least US$500 million.
Word for word from the report in Maldives Republic. Open the report