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.
This is the site where Buddhist remains from the Maldives' pre-Islamic past have been impressively excavated. Isdhoo or Isd? is one of the inhabited islands of Haddhunmathi Atoll, Laamu. Located on this island are important ruins from the historical Maldivian Buddhist era. These ruins include one of the largest stupas (a structure with Buddhist relics) found in Maldives to date. L?m?f?nu, which ar...
This sanctuary is connected with Greek mythology. It was built to commemorate Demeter's daughter Persephone being abducted by the god of the underworld, Hades. The temple of Demeter [Telesterion] is located here along with the temple of Artemis and the triumphal Arches built in honor of the Greek goddesses. Tourists get a good sense of Greek mythology and its protagonists and antagonists. ...
The Place des Vosges is the oldest square in Paris. The square was laid out by Henri IV between 1605 and 1612. All the buildings surrounding the square follow the same design. Originally called the Place Royal, it was renamed in 1800 after Vosges, the first region of France to pay taxes under the new regime of Napoleon. Many famous Frenchmen lived in the houses surrounding ...
Children’s Park The park is considered an idyllic place for children as it incorporates all kinds of swings, climbing frames and slides for the tiny tots, providing them maximum amusement that will make their tour to the city simply unforgettable. Adults are allowed on some of the rides thus taking them back into their childhood. The garden also has a cafeteria. Mushrif Children's Ga...