{"id":199075,"date":"2019-02-19T18:58:06","date_gmt":"2019-02-19T13:28:06","guid":{"rendered":"https:\/\/www.colombotelegraph.com\/?p=199075"},"modified":"2019-02-21T03:37:40","modified_gmt":"2019-02-20T22:07:40","slug":"long-awaited-info-in-nyras-report-on-srilankan-airlines-released-by-rti-commission","status":"publish","type":"post","link":"https:\/\/www.colombotelegraph.com\/index.php\/long-awaited-info-in-nyras-report-on-srilankan-airlines-released-by-rti-commission\/","title":{"rendered":"Long Awaited Info In Nyras Report On SriLankan Airlines Released By RTI Commission!\u00a0"},"content":{"rendered":"<p>Information release in pages of the Nyras aviation consultant\u2019s report last Tuesday (February 12<sup>th<\/sup>) by <a href=\"https:\/\/www.colombotelegraph.com\/?s=SriLankan+Airlines\">SriLankan Airlines<\/a> to the Airline <a href=\"https:\/\/www.colombotelegraph.com\/?s=Pilots+Guild\"><strong>Pilots Guild<\/strong><\/a> before the <a href=\"https:\/\/www.colombotelegraph.com\/?s=Right+to+Information+Commission\"><strong>Right to Information Commission<\/strong><\/a> (RTIC) show that British aviation consultant Nyras, hired by the Government at significant expense, had officially assessed the forecast profitability of the national carrier in 2016 as \u2018weak\u2019, pointing out that the \u2018challenges facing the airline&#8230;\u2019 are \u2018&#8230;exacerbated by superfluous widebody aircraft orders and related engine contracts.\u2019 <span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/04\/SriLankan.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-161199\" src=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/04\/SriLankan-300x300.jpg\" alt=\"\" width=\"300\" height=\"300\" srcset=\"https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/04\/SriLankan-300x300.jpg 300w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/04\/SriLankan-150x150.jpg 150w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/04\/SriLankan-50x50.jpg 50w, https:\/\/www.colombotelegraph.com\/wp-content\/uploads\/2016\/04\/SriLankan.jpg 639w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>According to information by insider sources in the aviation industry, the information released on a directive of the RTI Commission show that Nyras had advised a comprehensive \u2018turn-around\u2019 strategy, including recommending that Ceylon Petroleum Corporation charges for fuel for SriLankan Airlines should be the same as those charged in the region\u2019s other airports. SriLankan<span class=\"Apple-converted-space\">\u00a0<\/span>had been forced to pay above market rates for CPC fuel. <span class=\"Apple-converted-space\">\u00a0 \u00a0<\/span><\/p>\n<p>The information release follows from an appeal filed to the Commission last year when SriLankan Airlines, after first refusing to release to the pilots, obeyed an order of the Commission to release details of salaries of its CEO and top executives. Also released were 2 wet lease agreements with PIA and termination agreements with AerCap along with Minutes of Board Meetings of SriLankan (including at then Speaker <a href=\"https:\/\/www.colombotelegraph.com\/?s=Chamal+Rajapaksa\"><strong>Chamal Rajapaksa<\/strong><\/a>\u2019s residence) where the decision to purchase eight Airbus aircraft had been made. The entire Minutes released under RTI related to purchase of 4 A350 aircraft, lease of three A350 aircraft, cancellation of lease of 1 A350 aircraft and termination of lease of3 A350 aircraft with major losses to the State during both the Rajapaksas and the current Government.<span class=\"Apple-converted-space\">\u00a0 \u00a0 \u00a0<\/span><\/p>\n<p>The RTI Commission also ordered the release of reports of aviation consultants Nyras, Seabury and Seaworks on the restructuring of the bankrupt national carrier. While the reports of aviation consultants Seabury and Skyworks had been released with a few deletions, SriLankan was resisting the release of the highly awaited Nyras report citing commercial secrets. The appeal hearing is continuing with information being released in stages.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p>Sources in the pilots trade union meanwhile laughed at the recent media publicity over JVP MP Sunil Handuneththi\u2019s statement in Parliament that a Board meeting had been held at the former Speaker\u2019s residence leading to Mr Chamal Rajapaksa threatening to resign if that allegation was proved but then backtracking. It was pointed out that this information had already been publicly released last year through RTI but that neither the JVP or the media had taken the matter up.<span class=\"Apple-converted-space\">\u00a0<\/span>\u2018All political dramas&#8230;\u2019 said one trade unionist in the airline industry, \u2018the pathetic state of the media is even worse, was the media clueless about the RTI information release last year?\u201d he asked.<span class=\"Apple-converted-space\">\u00a0 \u00a0 \u00a0<\/span><\/p>\n<p>Presently another Government committee has been tasked with restructuring SriLankan Airlines headed by UNP MP Eran Wickramaratne but the public response to this has been cynical. Many recommendations in the Nyras report for \u2018turning around\u2019 the national carrier had been ignored thereafter by the Government. In 2017\/18, SriLankan posted a $ 105 million loss and as at end year, cited Rs. 170 billion as accumulated losses. The Presidential Commission of Inquiry into Sri Lankan Airlines had also revealed shocking details of how politicians and their favorites had run the national carrier into the ground.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p> [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":143658,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,2186,1,2375],"tags":[],"class_list":["post-199075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-colombotelegraph","category-featured-news","category-news","category-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Long Awaited Info In Nyras Report On SriLankan Airlines Released By RTI Commission!\u00a0 - 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