Sri Lanka seeks investors for airline with $1 billion debt
Sri Lanka will soon invite preliminary bids for SriLankan Airlines, which has a debt of at least $1 billion (â¹7,000 crore). The revival of the privatisation process comes a year after talks with sole bidder TPG Capital failed. Emirates held 44% in SriLankan Airlines until 2010, when the government bought the stake after the end of a 26-year civil war.