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Message: <blockquote data-quote="lkdood" data-source="post: 12328004" data-attributes="member: 92282"><img src="http://upload.wikimedia.org/wikipedia/en/thumb/7/78/SriLankan_Airlines_Logo.svg/100px-SriLankan_Airlines_Logo.svg.png" alt="" class="fr-fic fr-dii fr-draggable " style="" />The Cabinet has agreed to offer a Government  guarantee to the fledgling Sri Lankan Airlines to obtain a staggering US  dollars 175 million-more than Rs 21.8 billion-from the Mashreq Bank in  the United Arab Emirates (UAE) to pay its creditors.                                               This is in addition to a  decision on February 13 this year by the Cabinet to invest in a five  year Treasury Bond to the value of US dollars 125 million-Rs 14.2  billion- to SriLankan Airlines as equity funding. “The Bond will help  strengthen the balance sheet of the airline and resolve the negative  equity position which helps it to go for additional borrowings,” Civil  Aviation Minister Priyankara Jayaratne told the Cabinet. ST</blockquote>

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