Government to discuss Mihin Lanka financial liabilities this week
- 5opn1
- December 16, 2024
- Business News
- Mihin Lanka’s financial liabilities are set for discussion this week, The controversial budget airline launched during the previous Mahinda Rajapaksa administration
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The controversial budget airline launched during the previous Mahinda Rajapaksa administration, Mihin Lanka’s financial liabilities are set for discussion this week, according to Deputy Minister of Ports and Civil Aviation Janitha Ruwan Kodithuwakku.
He confirmed that the Government was prioritising preparations for the upcoming tourism season over addressing the unresolved status of Mihin Lanka.
Kodithuwakku said that while Mihin Lanka’s financial liabilities remained an issue, the immediate focus was on meeting the demands of the tourism market.
Mihin Lanka, established in 2007 and ceasing operations on 30 October 2016, still carries significant debt related to its winding-up process.
According to the Mid-Year Fiscal Position Report of the Ministry of Finance, as of 30 June, letters of comfort amounting to Rs. 3,201.77 million remain outstanding under Mihin Lanka Ltd.
