Emirates, Etihad Airways and the Adani Group are among prospective bidders seeking a stake in SriLankan Airlines.

 Emirates, Etihad Airways and the Adani Group are among prospective bidders seeking a stake in SriLankan Airlines.
They are among 16 investors – Tata Sons (Air India) being a notable absentee – which has expressed interest in phase 1 of the process, top Aviation Ministry sources revealed.
The national carrier’s restructuring process phase 1 has ended with the closing of bids for the divestiture of the debt-ridden national carrier and the selection of prequalified bidders’ is now underway.
The privatisation of loss-making national carrier SLA is to be finalised by June 30, 2024.
A special team of experts in the aviation field is engaged in the evaluation of bids to select prequalified bidders and to shortlist them soon, the sources said.
An international consultant has been appointed to guide the restructuring process of SriLankan Airlines, they said
Sunday Times.