Rat Incident Grounds Sri Lankan Airline, Exacerbating Financial Struggles
A stowaway rat caused a three-day grounding of a SriLankan Airlines plane, highlighting the carrier's dire financial situation and investor concerns.
- A rat discovered on a SriLankan Airlines flight led to a three-day grounding, affecting the entire flight schedule.
- The incident has raised fears among potential investors about the financial health of the already struggling carrier.
- SriLankan Airlines faces over $1.8 billion in losses and lacks foreign exchange to overhaul engines.
- Efforts to sell the debt-ridden airline have been unsuccessful, with no takers even when offered for one dollar.
- The IMF has highlighted the burden of state-owned enterprises like SriLankan Airlines on Sri Lanka's national budget.