Emirates airline said it is looking to sell all or part of its stake in state-controlled SriLankan Airlines after the South Asian island's government sought greater control over the carrier's day-to-day business.
Dubai-based Emirates, which owns 43.6% of SriLankan and whose 10-year management contract of the carrier expires in April, would value its stake at about $150 million, Emirates President Tim Clark told newswire Reuters yesterday.
"It's a good buy," Clark said. "The government was seeking greater control over the day-to-day business of the airline, which was not acceptable to us." |
