Rs. 8.5 Billion Losses At Mihin Lanka
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?


Mohsin Hamid, author of How To Get Filthy Rich In Rising Asia, has a nice
I’m happy to be featured in Echelon magazine’s 40 Under 40 feature, profiling young people who contribute to the economy in some way, mainly in business but also in terms of innovation and thought leadership. It’s an interesting article not just in that I’m in it (mainly for work on indi.ca and
I won’t add too much commentary, but just read I guess. The youngest Rajapaksa, Rohitha (Chi Chi) has given an amazing interview to the
In 2009 this strange character appeared on the Sri Lankan Internet scene, getting angry, flaming, trolling whatever. Then he started naming anonymous bloggers, posting comments as people’s kids, nasty stuff, for which I removed him from 
RT @indica: new blog post: Rs. 8.5 Billion Losses At Mihin Lanka. The flagship of government waste http://t.co/BrWC9m90
I thought Mihin went bankrupt for the 2nd time and they were winding down their operations. Perhaps my sources were mistaken.
Maybe the soothsayers have said 4th time lucky…
Mihin Lanka aeroplanes are not what they appear to be. They are in fact spaceships of the Rajapakse’s and the Rajapakses are actually aliens. You think 8.5 billion is enough to maintain superior space ships? That’s why there’s a loss here. Anyone in denial should think about why Sri Lanka launched a satellite with China’s help… that’s right, that isn’t just any satellite, it is a satellite used to coordinate intersteallr space travel using nothing less than what we think are reglar aeroplanes with Mihin Lanka written on them! Also, do you think it was mere coincidence Sir Arthur C. Clarke chose to live in Sri Lanka? Think people!
No. The most likely explanation is that it’s Ravana’s “dandumonara”, all new and improved, disguised as a satellite.