A LoyaltyLobby reader sent me a link to an article on BBC’s website about corruption charges on Oneworld affiliated SriLankan Airlines.
Emirates was managing the airline for a long time but the agreement came to an end shares sold to Sri Lankan government back in 2010.
You can access BBC’s article here of which below is an excerpt:
The Sri Lankan government has launched a criminal investigation into the country’s national airline over allegations of “shocking” corruption.
A statement from the prime minister’s office said that an inquiry had unearthed “major security breaches” at Sri Lankan Airlines.
The statement alleges irregularities in a $2.3bn purchase of 10 aircraft made under the previous government.
The loss-making airline is 95% state-owned and 5% owned by staff.
It is the latest in a string of corruption allegations made against the administration of former President Mahinda Rajapaksa.
This could be just an rift with the old and the new governments (political rivalries) or a real issue. It wouldn’t surprise me that the airline would be bleeding money considering the location and the air fares that tend to be the absolute lowest from Colombo.