Aviation

Etihad & Emirates keen on acquiring stake in SriLankan Airlines

The CEO of Sri Lankan Airlines claims that the airline is ready for privatization and that it has turned a profit for the first time in fifteen years. Investors from a variety of industries, including the aviation and non-aviation sectors, are interested in purchasing a portion of Sri Lankan Airlines.

A request for qualification (RFQ) has been sent out to draw in possible investors. With almost 99% of the airline presently held by the Sri Lankan government, the sale is expected to be completed by June of next year.

Businesses from many nations, including India, are thinking about making investments. In September, speculations were mentioning Tata Sons, the Adani Group, and Emirates as possible suitors. However, Campbell Wilson, the CEO of Air India, denied these reports.

Richard Nuttall also mentioned that Gulf operators would gain a great deal from the airline’s convenient access to its neighbour in Asia. “India is the big prize for everybody,” he declared. He hinted that airlines such as Emirates, which formerly held 40 percent of SriLankan, may be among those that comply with the Colombo government’s desire to privatise the airline.

With 23 Airbus planes and flights to 39 international locations, SriLankan Airlines is a major carrier of passengers between Sri Lanka and India. Sri Lankan designated carriers have unlimited access to most Indian cities, including major metropolitan regions, based on a merely liberal air services agreement between Sri Lanka and India.

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Aviation

Boeing, Antonov to Collaborate on Defense Projects

– MOU represents Boeing’s commitment to work with Ukrainian industry

– Includes exploring opportunities for collaborating on in-country support of Unmanned Aerial Systems

A Memorandum of Understanding was signed today by Boeing and Antonov Company to investigate potential collaboration on defense-related projects.

“We’re happy to keep collaborating with the Antonov Company to help Ukraine’s economic development and expansion,” stated Ted Colbert, CEO and president of Boeing Defence, Space, & Security.

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“This agreement demonstrates our ongoing efforts to find more opportunities to work with Ukrainian industry, which was underscored by our signing of the Ukrainian Defence Industry Compact earlier this year.”

The areas of potential collaboration identified in the agreement consist of training, logistical support and overhaul services for tactical Unmanned Aerial Systems utilized by the Ukrainian Armed Forces, which includes the ScanEagle. In addition, the companies will also explore opportunities for Antonov to provide engineering support to Boeing.

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“A strong, innovative, and efficient defense industry is key to sustainable economic development and national security, and we are extremely excited to collaborate with Boeing,” said Ievhen Gavrylov, CEO of Antonov Company.

This agreement brings a whole new level of opportunity to implement the latest and most effective solutions – in addition to the possibility of future projects with Boeing in the aerospace and defense industry.”