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Message: <blockquote data-quote="lkdood" data-source="post: 12076942" data-attributes="member: 92282"><img src="http://upload.wikimedia.org/wikipedia/en/thumb/7/78/SriLankan_Airlines_Logo.svg/120px-SriLankan_Airlines_Logo.svg.png" alt="" class="fr-fic fr-dii fr-draggable " style="" />The national carrier, SriLankan Airlines, plans  to sell or lease its slots at Heathrow airport in Britain under an  extensive review programme as it acknowledged incurring a huge loss for  the current financial year.                                               The losses made in  2011/2012 financial year ending March 31 would go beyond the 2010/2011  level of Rs. 202 million and exceed the budgeted loss of Rs. 8.3  billion, SriLankan Airline’s Chairman Nishantha Wickremesinghe told the  Sunday Times.                        The airline had  budgeted the 2011/2012 losses at Rs. 8.3 billion but had expected it to  increase due to the high fuel prices.                        SriLankan Airlines  which obtained 13 slots by 2011 through a tedious process of applying  for slots over a period of nearly 20 years and bilateral air services  agreements, is looking at auctioning at least seven of these slots to  recoup some moneys for the increasing losses suffered by the airline,  the Sunday Times learns.Meanwhile, UNP frontliner Ravi Karunanayaka told the Sunday Times that  SriLankan, though suffering huge losses, was fudging the books by  manipulating figures and shifting the expenditure to next year in a bid  to reduce losses.</blockquote>

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