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Sri Lanka approves US$ 500 million loan to improve airlines

Jul 28, 2011 12:24:14 PM- colombopage.com
July 28, Colombo: Sri Lanka's Cabinet on Wednesday approved a proposal seeking to recapitalize the national carrier SriLankan Airlines and the budget airline Mihin Air with equity of US$ 500 million over five years on an annual basis commencing from 2012 to improve their operations.