Sri Lanka PPPA preparing memorandum for sale of 49% stake in SriLankan Airlines

    Sri Lanka‘s Public Private Partnership Agency (PPPA) is reportedly preparing an information memorandum for potential investors for the purchase of a 49% stake in SriLankan Airlines (Economy Next, 22-Aug-2019). Investors are expected to be required to invest at least USD250 million to improve the airline under the terms of the stake sale.