SriLankan Airlines had minimized losses to the year ending 31st March 2010 and unveiled ambitious expansion plans, at the carrier’s 31st Anniversary held at Colombo Bandaranaike airport yesterday. The carrier’s losses to the period ending 31st March were LKR 6.06b ( USD53.7 million ), compared to LKR 9.99b an...
The aviation market is in deteriorating conditions and an airline cannot commit to any large scale expansions. But SriLankan’s ( IATA: UL ) long-haul network and fleet is in desperate need of an expansion since a long time and UL could use the current market conditions for its benefit...