Tuesday, October 4, 2016

Sri Lanka To Pay US Dollars 170 Million For A Internatonal Air Craft Leasing Company For Cancelling Air Craft Orders-Finance Minister

Sri Lanka need to pay US Dollars 170 million for the World's largest Independant  Air Craft Leasing Company "Aercap Holdings NV" for cancelling the four A-350 Air Crafts ordered by the previous government the Finance Minister Ravi Karunanayake has informed the Parliament yesterday(04).

The national carrier Sri Lankan Air Lines do not require long distance Air Crafts like A -350's as the longest flight time of Sri Lankan Air Lines is around ten hours the Minister has stressed.

Although the present government had cancelled the orders of four A-350 Air Crafts  done by previous government another four A-350 Air Crafts are due to be delivered by 2020 Finance Minister has revealed.

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