• The loss incurred by SriLankan Airlines as at 31st March 2021 from the day it was taken over by the Government, was Rs.372,015 million
• The total loss of the company following taxes in the year 2020/21 was Rs. 45,674 million and the operating loss has also increased

By Yohan Perera and Ajith Siriwardana  

A senior management officer serving SriLankan Airlines since 31st March 2021 receives a monthly salary of Rs. 3.1 million and 82 pilots receive a monthly salary of over Rs.2 million, the Committee on Public Enterprises (COPE) said yesterday.   

The COPE, which met yesterday also observed that another 142 pilots, 12 aeronautical engineers, 09 engineering managers and 3 top management officers of SriLankan Airlines receive a monthly salary of between Rs.1 million and Rs. 2 million.   
The Chairman of COPE Prof. Charitha Herath, directed the Chairman of SriLankan Airlines, Ashok Pathirage to prepare a complete business plan to make SriLankan Airlines profitable and submit it to the COPE within a month.   
The Committee also recommended to the Secretary to the Ministry of Tourism to study the current situation and submit a report at the Ministerial level within a month.   

The Committee further recommended that an expert committee be appointed to conduct a comprehensive study and submit a report much as earlier.   

It was revealed at the COPE meeting that the loss of SriLankan Airlines Limited as at 31st March 2021 from the day it was taken over by the Government, was Rs. 372,015 million.   

The total loss of the company following taxes in the year 2020/21 was Rs. 45,674 million and the operating loss has also increased, Chairman of the Committee, Prof. Charitha Herath said.   

This was due to the impact of the prevailing Covid-19 situation, as well as rising costs of jet fuel, aircraft operating leasing costs and other operating leasing costs. 

The Committee observed that the adverse capital conditions of the Company had reached a critical level by 31st March 2021 and was therefore facing a problematic situation regarding its operations without the assistance of the Treasury.   
The Committee observed that the Cabinet had approved for an additional investment of USD 500 million by 2020, of which USD 240 million had already been released to the Company. The Committee also paid special attention to the manner in which the money was used.  The Chairman also pointed out the need to maintain this service as a national airline.   

The committee also revealed that SriLankan Airlines’ daily loss was Rs.84 million and that a systematic plan was needed to make the company profitable.   

The Committee commended SriLankan Airlines for reducing its cost by USD 66.9 million in 2019/20 and 2020/21.   
Minister Mahinda Amaraweera, State Minister Ajith Nivard Cabraal, D.V Chanaka, Indika Anuruddha, MPs Rauff Hakeem, Patali Champika Ranawaka, Eran Wickramaratne, Harsha de Silva, Jagath Pushpakumara, Jayantha Samaraweera, Premnath C Dolawatta, S.M.Marikkar, S . Rasamanikkam were present at this meeting. 

• 142 pilots, 12 aeronautical engineers, 9 engineering managers and 3 top management officers of SriLankan Airlines receive a monthly salary of between Rs.1 million and Rs. 2 million