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Message: <blockquote data-quote="imhotep" data-source="post: 25086302" data-attributes="member: 562115">Running an airline is different to running an apparel factory or a tea business.. AirLanka was started with no real financing. It's similar to someone starting a shop on loan. Place is leased, all goods on loan, including the racks, cash registers etc. You run the shop and you do get a profit by selling the goods. But when you settle all the loan instalments and other outgoings the OPERATIONAL profit reduces to zilch.UL was a similar scenario. Government was injecting funds. Initially it was running at a good operational profit. They had built up some good assets too by clever investment strategies. I am aware of many financial things in UL through trusted internal sources. When CBK sold the airline off a lot of assets just disappeared into a black hole. Money went somewhere else. It's a long story. Many are really of the opinion that Prabha saved the airline with the KIA bombing.Complete mismanagement during the last few years. No point even talking about it. Just a waste of time. One can have some hope. But not me.<img src="/styles/default/xenforo/smilies/default/oo.gif"  class="smilie" loading="lazy" alt=":oo:" title="Oo    :oo:" data-shortname=":oo:" />Mihin was just another disaster we never needed. Why Mihin?</blockquote>

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