Airline

Colombo To Buy Shares Back From Emirates

The is looking to buy back its shares in the national carrier SriLankan Airlines from Emirates.   Emirates bought its 43.6 percent equity stake in 1998 for $70 million dollars, and kept it when it ended its 10 year management contract with the Sri Lankan government in 2008.  The value of Emirates share in the airline increased to $150 million by the end of the contract period. 

Emirates made all management decisions under terms of the contract agreement, which included exclusive rights for ground handling and airline catering at Colombo-Bandaranaike airport.   Near the end of the contract, the Sri Lankan government cancelled the work permit of the airline’s chief executive, Peter Hill, due to a dispute over seats for President Mahinda Rajapakse on a London-Colombo flight. Emirates supported the termination decision, but did not renew the contract because of the governments attempt to gain more control over SriLankan. Now, the government is operating the airline and wants a higher percentage of ownership.
 

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
flydubai to operate some flights from Du...
South Korea Pavilion among top five at E...
Collect souvenirs from the first Emirate...
Featured Sights To See
Mazar-e- Quaid

Mazar-e- Quaid

Karachi, Pakistan

This is the final resting place of the Father of the Nation, Muhammad Ali Jinnah. Its construction started soon after his death in 1948, and it was completed in the 1960's. Made of white marble, this is undoubtedly the most well-known landmark of Karachi, being featured in pictures and media whenever Karachi is mentioned. The mausoleum building is surrounded by a large park which was until recentl...

Barbican

Barbican

London, United Kingdom

Barbican Centre is a performing arts arena located in the heart of London. Here you will find Barbican Hall (home of the London Symphony Orchestra),  Barbican Theatre, Barbican Art Gallery, Barbican Film (with 3 cinema screens that are capable of holding 288 people), exhibition halls, 3 restaurants, conference halls and 5 public libraries.     The Centre hosts concerts - both cl...

Montreal Science Centre

Montreal Science Centre

Montreal, Canada

At the nexus of science, technology, and entertainment, the Montreal Science Center is a great destination for families.  There are seven permanent exhibitions and several temporary exhibitions.  Science 26 offers 26 hands-on stations showcasing everyday science, one for each letter of the alphabet.  Mission Gaia is all about sustainable development and the environment.  Cargo ...

Bab Zuwayla

Bab Zuwayla

Cairo, Egypt

The Bab Zuwayla is a gate that was built in 1087 by three Armenian monks to protect the then Fatimid city from invasion. The name Fatimid is given to the ancient Shia Dynasty which ruled North Africa from about 900-1200.   Importance is attributed to this gate because it is the only artifact that remains from the Fatimid city. Also, superstitious beliefs state that the gate has heali...