KUALA LUMPUR: Capital A Bhd, through wholly-owned subsidiary AirAsia Consulting Sdn Bhd, has emerged as one of six bidders for purchasing shares in Sri Lanka’s national airline.
A statement from Sri Lanka’s Ministry of Finance, Economic Stabilisation and National Policies also identified Dharshaan Elite Investment Holding (Pvt) Ltd, FITS Aviation (Private)
Ltd, Sherisha Technologies Private Ltd, Treasure Republic Guardians Ltd and local conglomerate Hayleys PLC as the other bidders.
The deadline for submissions to take over Sri Lanka Airlines Ltd (SAL) was yesterday.
An initial background check by MIDF Research revealed that SAL currently operates a fleet of 24 Airbus A320 and A330 aircraft, serving a network of 126 destinations across 61 countries.
The airline is facing challenges, with three aircraft grounded for over a year due to insufficient funds to cover mandatory engine overhauls, the firm said.
“SAL holds a dominant position at Bandaranaike International Airport, the primary…
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