Colombo, 17/5:Sri Lanka’s new government plans to sell its national airline to stem losses, as part of efforts to stabilize the nation’s finances even as authorities are forced to print money to pay government salaries.
The new administration plans to privatize Sri Lankan Airlines, Prime Minister Ranil Wickremesinghe said in a televised address to the nation Monday. The carrier lost 45 billion rupees ($124 million) in the year ending March 2021, he said just days before the nation is set to formally default on foreign debt
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