air lankaSri Lanka has committed to reforming government finances and the public sector, which includes selling off SriLankan Airlines. In a letter of intent to the International Monetary Fund this week, the government promises a “resolution strategy” or sale of SriLankan Airlines by September 2016. As part of the $1.5 billion dollar three-year IMF support arrangement, the government intends to record the fiscal cost of non-commercial obligations and subsidies for SOEs in the central government budget, starting in 2017. (Aviation News)

Leave a Reply

Your email address will not be published. Required fields are marked *