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SriLankan agrees to pay Rs. 800 mn to CPC

SriLankan agrees to pay Rs. 800 mn to CPC

SriLankan Airlines has agreed to pay Rs. 800 million to the Ceylon Petroleum Corporation (CPC), and has agreed to pay the due amount it owes in instalments, Ceylon Petroleum Corporation Managing Director Neil Jayasekara said.

A discussion was held with the Public Enterprise Development Ministry Secretary Ranjith Hewawitharana, CPC Chairman Dhammika Ranatunga and SriLankan Airlines Chairman Ranjith Fernando at the CPC on July 2.

SriLankan has agreed to pay Rs. 800 million out of Rs. 13.45 billion.Sri Lankan also agreed that they will obtain Cabinet consent for a loan from a private bank to pay the balance due amount. CPC stated that they will continue to supply fuel to the SriLankan as they agreed to pay the due amount.

(Daily News)

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