US $ 500 m for SriLankan, Mihin Lanka
The government will be infusing US $ 500 million over the next five
years for national carrier, SriLankan Airlines and budget airline Mihin
Lanka to enable these carriers to acquire new aircraft.
Addressing a media briefing, Information Minister Keheliya
Rambukwella said a consortium of state institutions will give away the
capital and this amount will be around one percent of gross domestic
SriLankan Airlines and Mihin Lanka are managed together and capital
injection would curtail the interest cost of the two carriers.
At present, the SriLankan Airlines fleet consists of 17 aircraft and
it is expected to increase the fleet upto 23 by 2014.