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Sri Lanka looks to buy back stake held by Emirates

Government is in talks to buy Dubai carrier’s stake in SriLankan Airlines.

February 17, 2010 5:52 by

Sri Lanka is in talks to buy Emirates Airline’s stake in its national carrier, according to a report by Bloomberg.

“The government has decided to purchase… They are negotiating,” said SriLankan Airlines Chairman Nishanta Wickremasinghe.

Sri Lanka’s government owns 51 percent of the airline, while Emirates has 43.6 percent. The Middle East airline has previously indicated that it may consider selling the stake.

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