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Showing posts with the label SriLankan Airlines taxpayer burden

SriLankan Airlines: The Endless Financial Drain on Taxpayers and the Futility of Committees

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SriLankan Airlines, the national carrier of Sri Lanka, has been a perennial financial burden since its inception as Air Lanka in 1979. Despite decades of operation, the airline has never turned a profit since being re-nationalised in 2008 and continues to operate at a significant loss, relying heavily on government bailouts funded by taxpayers. The airline’s chronic financial woes are no secret. Key reasons for its downfall include political appointments in critical decision-making roles, non-transparent procurement processes, and an excessive workforce far beyond operational needs. These systemic issues have led to inefficiencies and wasteful spending, with two-thirds of its routes running at a loss while the airline continues to spend recklessly, confident that the treasury will cover its deficits. In recent years, attempts to address these problems have been made, such as the appointment of a committee led by renowned human rights lawyer Mr. Weliammuna to investigate and recomme...