Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Times of India
The Times of India
World
Bloomberg

New Sri Lanka PM to sell airline, print money to pay salaries

COLOMBO: Sri Lanka's new government plans to sell its national airline to stem losses, 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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.