Live auction for divestment of SriLankan Airlines to be held today

March 5, 2024 09:36 am

The live auction to choose an investor for the divestment of SriLankan Airlines is scheduled to be held today (March 05).

As such, the bidding is expected to take place live from 10 a.m. to 2 p.m. today, Nimal Siripala de Silva, the Minister of Ports, Shipping and Aviation said while joining Ada Derana’s ‘GET REAL’ segment last week.

Meanwhile, a special technical committee has been appointed to assist the live auction process, according to the minister.

Following the evaluation of the bids, a report will be sent to the Cabinet of Ministers.

“I want someone strong to come forward, who can invest at least USD 500 million and ensure job security for the 6,000 people who are working in the airline,” the lawmaker had said further.

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