Sri Lanka News Updates with Discussions

sorry for Dr. S. Amunugama who has now to sort out the mess of some other jokers.

Why not make everything under Sri Lankan airlines?

Former Attorney General (AG) Mohan Peiris has told in Geneva that the two suspects arrested in connection with the attack on senior journalist Poddala Jayantha were released based on the statement made by him.

The former AG had made this statement as the Sri Lankan representative at the sessions on Anti Torture in Geneva.

A senior journalist told Lanka News Web that the police had taken into custody the Editor of Lankaenews, Sandaruwan Sendheera and the News Editor of the website, Bennet Rupasinghe, who has first informed the police of the attack on Poddala Jayantha.

He said that the two journalists taken into custody in connection to the attack were never involved in the assault case.

The senior journalist said it was clear that the intention was to hamper the investigation by the police moving to arrest the two journalists who informed of the attack on the advice of the AG. He added that the former AG s statement has clearly shown that the police and the AG s Department have worked together in the case.

According to the senior journalist the statement made by the former AG that the suspects in Poddala Jayantha s assault case were released based on his statement is lie aimed at misleading the international community.

In 1985, Emirates started with US$ 10m capital,two aircrafts, a leased Boeing 737 and Airbus 300 B4.

today With a fleet of 159 aircraft, with another 199 on order, currently fly to over 100 destinations in 66 countries

Profits for 2011 is US$ 1500 millions

started in 1979 (6 years before Emirates)today has 17 aircrafts, 53 destinationas to 33 countries

Loss for 2010 US$ 60m, Rs.6500m

Sri Lanka's state-run Mihin Lanka, a budget carrier, has lost 5.8 billion rupees since it was started in 2007 and it had a 5.6 billion rupee gap in the balance sheet despite capital injections from people's tax money, official data shows.

Mihin Lanka was started by the state despite the country's full service airline, SriLankan Airlines making losses throughout most of its life on airline operations, though its bottomline has been helped by ground handling and catering monopolies.
Critics have held up the state budget carrier as a high profile example of tax banditry, arbitrary rule and lack of evidence based policy-making.

Last year the budget airline was operationally linked with SriLankan Airlines, which is also making losses.

A finance ministry report showed that Mihin Lanka's revenues rose to 1.7 billion rupees in 2010 after dipping to only 373 million rupees in 2009. But its lost 1.2 billion rupee in 2010 only slightly lower than the 1.3 billion rupees a year earlier.

Since starting it 2007, the airline has lost 5,877 million rupees. By 2010 its balance sheet showed negative assets of 5,628 million rupees.

According to data the state had injected 2.7 billion rupees from taxes collected from the people as capital to the airline by 2010, adding to 250 million rupees in seed capital and taking the total to 3,004 million rupees.

Data also showed that the Treasury had given guarantees to state banks to give money to the airline.

In November 2009, a 1,552 million rupee guarantee has been given to Bank of Ceylon, a state run bank, on which 1,519 million rupees had been borrowed.

Another guarantee had been given for 252 million rupees, on which 1,771 million had been borrowed.

Mihin Air and Sri Lankan airlines to share destinations