By Mayuresh Pawar | Mumbai
SriLankan Airlines, which has been witnessing growth in load factors and route network post entering into a management contract with Emirates and going in for re-branding, has decided to renew the 10-year management contract that is due for expiry in March, 2008. Currently, negotiations are on between the two airlines and the contract is expected to be signed by April next year. Currently, Emirates has 40 per cent stake in the airline and while it has proposed to buy more stake, SriLankan Airlines is looking at increasing its own profitability. With a view to enhance its profits, the airline has proposed that it should be allowed to use two of the 50 Airbus A380, which will be delivered to Emirates by early 2009. SriLankan Airlines is planning to deploy these two aircraft on Indian routes.
"We will be signing the new management contract with Emirates once all the negotiations are finalised," Peter Hill, Chief Executive Officer, SriLankan Airlines, confirmed on the sidelines of a party held recently in Mumbai to celebrate the airline's achievement of 100 weekly flights to India.
Travel Biz
Courtesy: MARIO GASPARELLA - Italy, from modified airliner photos
SriLankan Airlines, which has been witnessing growth in load factors and route network post entering into a management contract with Emirates and going in for re-branding, has decided to renew the 10-year management contract that is due for expiry in March, 2008. Currently, negotiations are on between the two airlines and the contract is expected to be signed by April next year. Currently, Emirates has 40 per cent stake in the airline and while it has proposed to buy more stake, SriLankan Airlines is looking at increasing its own profitability. With a view to enhance its profits, the airline has proposed that it should be allowed to use two of the 50 Airbus A380, which will be delivered to Emirates by early 2009. SriLankan Airlines is planning to deploy these two aircraft on Indian routes.
"We will be signing the new management contract with Emirates once all the negotiations are finalised," Peter Hill, Chief Executive Officer, SriLankan Airlines, confirmed on the sidelines of a party held recently in Mumbai to celebrate the airline's achievement of 100 weekly flights to India.
Travel Biz
Courtesy: MARIO GASPARELLA - Italy, from modified airliner photos
