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National Carrier to Be Privatized, PM Says: Sri Lanka Latest

Pedestrians cross a street after a nationwide curfew was lifted for a few hours in Colombo on May 12.

Pedestrians cross a street after a nationwide curfew was lifted for a few hours in Colombo on May 12.

Photographer: Buddhika Weerasinghe/Bloomberg
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Debt-ridden Sri Lanka will privatize its state-run national carrier, Sri Lankan Airlines, Prime Minister Ranil Wickremesinghe said in a televised address Monday. The island nation’s revenues have dropped sharply and its banks are out of dollars, leaving the country short of funds for essential goods, he added.

However, the country is working to try and ease the shortages of food, fuel and other essential items, the premier said, calling for patience as he tries to address the country’s dire economic crisis.