Airline

Colombo To Buy Shares Back From Emirates

The is looking to buy back its shares in the national carrier SriLankan Airlines from Emirates.   Emirates bought its 43.6 percent equity stake in 1998 for $70 million dollars, and kept it when it ended its 10 year management contract with the Sri Lankan government in 2008.  The value of Emirates share in the airline increased to $150 million by the end of the contract period. 

Emirates made all management decisions under terms of the contract agreement, which included exclusive rights for ground handling and airline catering at Colombo-Bandaranaike airport.   Near the end of the contract, the Sri Lankan government cancelled the work permit of the airline’s chief executive, Peter Hill, due to a dispute over seats for President Mahinda Rajapakse on a London-Colombo flight. Emirates supported the termination decision, but did not renew the contract because of the governments attempt to gain more control over SriLankan. Now, the government is operating the airline and wants a higher percentage of ownership.
 

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Jazeera Airways launches flights to Kara...
Emirates expecting over 500,000 arrivals...
Kazakhstan's new tourist attraction - fa...
Featured Sights To See
Distillery District

Distillery District

Toronto, Canada

The distillery district was founded in 1832 and is therefore rich in history. This 45 building complex belonged to Canada’s largest distilling company in Victorian times and includes a wind mill, grain mill and the red-brick mill buildings. The Historic Distillery District holds events all year round- including a blues festival, jazz festival, and an outdoor art exhibition Admission: Free ...

Menil Collection

Menil Collection

Houston, United States

This is a private art collection of John and Dominique de Menil. The collection includes astronomical instruments, antiquities, ceremonial masks, Byzantine art and tribal art amongst others. The pieces were amassed by the prominent couple through years of travel.    1515 Sul Ross Street, Museum District Tel: (713) 525 9400. Website: www.menil.org Opening hours: Wed-Sun 1100...

Gibran Khalil Gibran Garden

Gibran Khalil Gibran Garden

Beirut, Lebanon

Named after the renowned Lebanese-American writer and artist, this garden is a vast verdant expanse in the center of Beirut. There are two circular lawns with trees around a water fountain. A platform looks out onto the garden. Six obelisks are part of the formal landscaping. A bust of Gibran and abstract sculptures by contemporary Lebanese artists also adorn the square. This garden is popular...

Gesuati

Gesuati

Venice, Italy

Giorgio Massari was commissioned to build this monument, in remembrance of the day when the Dominicans took hold of the church of Santa Maria della Visitazione from the suppressed order of Gesuati laymen in 1668. The building houses several works by Giambattista Tiepolo (1696-1770), Giambattista Piazzetta (1683-1754), and Sebastiano Ricci (1659-1734). Address: Zattere, Dorsoduro, Venice Pho...