1 November 2016 06:33 am Views - 10018
The budget airline launched in 2007 was operating at a huge loss for several years with some economic analysts attributing the losses to mismanagement while others to under capitalization.
National Enterprises Development Deputy Minister Eran Wickramaratne told a media briefing yesterday that Minin Lanka would only be amalgamated with Srilankan and that it would not be a merger. He said the Mihin Lanka license would not be cancelled but transferred to the Government.
The deputy minister said the airline had business class seats though it was promoted as a budget airline.
Mihin Lanka was a low-fare airline based in Colombo and operated flights from Bandaranaike International Airport to a number of cities in the Indian subcontinent, the Middle East the Persian Gulf, South East Asia and Eastern Africa. (Yohan Perera)