9th
July
2010
Emirates sells shares in SriLankan Airlines
posted in Car Rental |
Emirates has confirmed that it has completed the sale of its stake in SriLankan Airlines for the sum of $53 million. The airline has given over its share in the flag carrier to the Sri Lankan government at a loss estimated to be in the region of $20 million on the original purchase price and around $100 million on what the airline was valued at just two years ago.
P B Jayasundera, Treasury Secretary for the Sri Lankan government, said that the 44 per cent share in the airline had been acquired through the state owned Bank of Ceylon. Jayasundera confirmed [...]
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