The new board will be meeting the media on Thursday April 5 at 11.30 am to explain their role and the restructuring process. The Officials Committee, set up in September 2017, will continue to refer required areas for direction by the Ministerial Committee chaired by the Prime Minister and for implementation by the Board of SriLankan Airlines. Aviation Consultants, Nyras of UK, hired after a competitive process in November 2017 by the Officials Committee, will continue to report to the Officials Committee. This working arrangement is to ensure shareholder (Treasury) interests are adequately addressed in the restructuring process. “Nyras has presented a detailed business plan that demonstrates the SriLankan Airlines Group can become viable in the short to medium term through the restructuring strategy.

Source: Sunday Times April 03, 2018 13:07 UTC