Lanka to sell national airline, print salary money amid crisis
Image Credit: Twitter/@SriLankaTweet
In a televised speech on Monday, Sri Lanka's new Prime Minister Ranil Wickremesinghe announced plans to privatize its national carrier SriLankan Airlines. In the fiscal year that ended in March 2021, the airline lost LKR 45 billion ($124 million). The initiative is part of the Wickremesinghe administration's efforts to stem losses even as the government is compelled to print money to pay government salaries.