Mihin Lanka plane via Wikipedia
As mentioned, by everyone, the state funded budget airline Mihin is a bad idea. It’s been losing money since it began, the full extent of the losses being masked by the fact that it gets subsidies and gives bad debts to other government institutions. This lame donkey has also been yoked to the national carrier SriLankan, bringing both down. The latest report is that Mihin has lost Rs. 8.5 billion (about $65 million) since it began.
At the same time, of course, compensation for the Mihin board of cronies has increased. Mihin and SriLankan CEO Kapila Chandrasena earns Rs. 1 million a month, Rs. 500,000 for each.
This airline thing really is madness. Mahinda likes plays and he wants to play with them, but how much taxpayer money do we have to watch disappear into thin air?