Emirates aims to hike stake in SriLankan Airlines
Emirates Airline plans to increase its stake in SriLankan Airlines from current 43 per cent, a senior official of the Lankan carrier has said.
By PTI |
DUBAI: Emirates Airline plans to increase its stake in SriLankan Airlines from current 43 per cent, a senior official of the Lankan carrier has said.
Emirates and Government of Sri Lanka would hold talks this month in Colombo to discuss renewal of management contract and transfer of stake, SriLankan Airlines (SLA) Regional Manager Mohamed Fazeel said.
Sri Lanka Government holds majority stake of 51.05 per cent in SLA while Emirates and its employees hold 43.63 and 5.32 per cent respectively.
Emirates Airline manages SLA, known as Air Lanka till 1999, under a 10-year contract which culminates at the end of 2008.
An Emirates spokeswoman said: "Discussions with various SriLankan stakeholders are still pending." She refused to comment any further.
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