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Message: <blockquote data-quote="kukku baba" data-source="post: 10365429" data-attributes="member: 249844">I was just reading a report by Central Bank and LBO Magazin, the report say, the budget carrier Mihin Lanka, since starting it 2007, the airline has lost 5,877 million rupees. By 2010 its balance sheet showed negative assets of 5,628 million rupees.  In November 2009, a 1,552 million rupee guarantee has been given to Bank of Ceylon, a state run bank, on which 1,519 million rupees had been borrowed. Another guarantee had been given for 252 million rupees, on which 1,771 million had been borrowed.  Concluding : What is happening here ? Looks like the tax payers money and money that could be invested for a something better is invested on a failing and mismanaged airline.Why cant the the capacity of the National carrier Sri Lankan Airlines be increased insterd? Mihin Lanka, needs to be discontinued to save the wasting of money of the country. Wht do you say guys?</blockquote>

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