{"id":651931,"date":"2025-11-10T08:41:06","date_gmt":"2025-11-10T03:11:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=651931"},"modified":"2025-11-10T09:11:15","modified_gmt":"2025-11-10T03:41:15","slug":"sri-lanka-to-overhaul-loss-making-national-airline-after-failing-to-find-buyers","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/sri-lanka-to-overhaul-loss-making-national-airline-after-failing-to-find-buyers\/","title":{"rendered":"Sri Lanka to overhaul loss-making national airline after failing to find buyers"},"content":{"rendered":"<p>The Sri Lankan government will restructure the loss-making national flag carrier after efforts to find a buyer for its management control failed, President Anura Kumara Dissanayake has said.<\/p>\n<p>Presenting the 2025-26 budget on Friday, Dissanayake said, &#8220;There are no buyers,&#8221; referring to efforts by the successive governments to divest the Sri Lankan Airlines&#8217; management from government control.<\/p>\n<p>The national carrier&#8217;s divestiture became crucial with the tough conditions attached to Sri Lanka&#8217;s International Monetary Fund (IMF) bailout of nearly USD 3 billion, extended in 2023 after the island nation announced its first-ever sovereign default.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sri Lankan government will restructure the loss-making national flag carrier after efforts to find a buyer for its management control failed, President Anura Kumara Dissanayake has said. Presenting the 2025-26 budget on Friday, Dissanayake said, &#8220;There are no buyers,&#8221; referring to efforts by the successive governments to divest the Sri Lankan Airlines&#8217; management from government control. The national carrier&#8217;s divestiture became crucial with the tough conditions attached to Sri Lanka&#8217;s International Monetary Fund (IMF) bailout of nearly USD 3 billion, extended in 2023 after the island nation announced its first-ever sovereign default.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-651931","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/651931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=651931"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/651931\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=651931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=651931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=651931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}