SriLankan Airlines, which is going through a restructuring exercise aimed at reducing debt and preparing a business plan that would be attractive to new investors, is revamping its management team.
The Business Times reliably learns that the airline has recruited Vipula Gunatilleka as the Chief Operating Officer cum Chief Financial Officer (COO/CFO). Mr. Gunatilleka, a former CFO at SriLankan many years ago, is currently CFO/Board Member at TAAG Angolan Air Lines, Angola’s national carrier.
The airline is yet to find a successor for its CEO Suren Ratwatte who is stepping down in August.
The airline’s new board of directors is tackling a load of issues including mismanagement during the previous regime, rising debt payments and higher-than-market rates for aircraft leases.
The “clean upâ€, reliable sources told the Business Times includes a management shake-up, route rationalisation, review of leases and rescheduling of debt.
Expert evidence led before the ongoing Presidential Commission of Inquiry revealed that the airline has been embroiled in mismanagement and wrong leases on aircraft hired at significantly higher-than-market rates during 2011-2014.
Indian film star Hrithik Roshan is set to visit Sri Lanka next month to attend…
Sri Lanka is making progress in establishing nuclear infrastructure and has already identified potential new-build…
President Anura Kumara Dissanayake will undertake a state visit to the Maldives from July 28…
Former Minister P. Dayaratne, a veteran politician and long-serving Member of Parliament from the Ampara…
Experts have raised concerns over a growing number of accidents involving people falling from rambutan…
Health and Mass Media Minister Dr. Nalinda Jayatissa says more specialist doctors who have completed…
