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?

RSS feed | Trackback URI


2012-11-28 10:17:51

RT @indica: new blog post: Rs. 8.5 Billion Losses At Mihin Lanka. The flagship of government waste

2012-11-30 11:19:44

I thought Mihin went bankrupt for the 2nd time and they were winding down their operations. Perhaps my sources were mistaken.

2012-11-30 12:51:55

Maybe the soothsayers have said 4th time lucky…

2012-12-06 00:37:26

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!

2012-12-06 10:01:21

No. The most likely explanation is that it’s Ravana’s “dandumonara”, all new and improved, disguised as a satellite.

Name (required)
E-mail (required - never shown publicly)
Your Comment (smaller size | larger size)
You may use <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong> in your comment.

email indi AT

Recent Comments

How The BBS Attacks (A Tale Of Two Cities) (6)

Jack Point: The BBS is tapping into resentments that are buried deep in the subconscious. What they do it to tap in to them, nurture them and magnify them. Exactly what 969 is doing. Exactly what the Nazi’s did. http://jestfork icks.blogsp...

shammi: But you do agree that not arresting G.A. Gnanasara and any other lawbreakers from both sides will only serve to deepen this mistrust? If you don’t, you must be living in said land.

Liberal One: I was talking about the distrust between Sinhalese and Muslims. If you think distrust between these two communities didn’t exist before Gnanasara thero entered the scene you must be living in the la la land of the Colombians.

Damian Poosa (2000-2014) (1)

greene: innalillahi wa inna ilaihi raajioon.

Buddhism And Racism (2)

Johan: Temples tend to be quite skilled at fund raising for building projects within temple premises; perhaps they could mobilise those skills to raise funds to rebuild the damage wrought in Aluthgama and Beruwela. If you go to a particular...

Nandasiri Wanninayaka: Nice to see you are blogging again.

What A Colombo Revolution Might Look Like (Thailand) (6)

Shirley Silva: Good analysis but you failed to mention that unlike in Bangkok a good shower would send the UNPs scuttling home. Above all there is a big leadership vacuum. No charismatic leader like in Thailand

sharanga: Good constructive criticism.

sharanga: >the electorate is too ill-informed to decide This is almost always true in any country. It’s one of the greatest faults of democracy. The electorate is ill-informed and as public choice theorists put it, systematica...

Anti Christian Christmas (2)

Jack Point: I found this video very disturbing. v=EUHCQyxK3ps&a mp;feature=yout http://dbsjeyar hives/27450

Damian Poosa (2000-2014)

Our family cat Damian passed away last night. He was an American cat and it was fitting that he passed on the Fourth Of July. Damian was an ornery cat made happy by the love and care of my sister and parents. I brought him home on the day of my high school graduation (a stunningly thoughtless thing, in hindsight) and my sister and mother actually raised him. He then travelled back to Sri Lanka and had a great time till he got old.

How The BBS Attacks (A Tale Of Two Cities)

This seems to be the basic BBS gameplan (for fucking up everything we’ve worked so hard to build after the war). It’s a cycle of outrage, riot, fear, repeat. It’s like the eightfold path to not being a Buddhist:

Buddhism And Racism

Buddhism is not racist. The ideas and practice of Buddhism involve meditation, perception of impermanence and ultimately what we would call a renunciation of self. Being a Buddhist, however, is not just that. Being a Buddhist fundamentally involves taking refuge in three things – the Buddha, the Dhamma (his teachings) and the Sangha (the community of practice). As a Buddhist, this is why the violence in Aluthgama is so troubling. Becomes it comes cloaked in the colors of the Sangha. The main racists and instigators of mob violence are monks.

The Tragedy In Aluthgama

I haven’t written here in a while because, well, I guess I haven’t had much to say. I’m been writing about food and leisure at YAMU but, well, somethings gotten in the way of that now. In a way we could sense it because of the constant halal debate on YAMU, which is mainly a food site. That food issue in many ways has become a touchstone for the Muslim/Buddhist tensions rising in this country. Yesterday those tensions seemed to explode in Aluthgama and Beruwela on the Western coast. The racist BBS staged a rally there and then paraded thru the streets. This exploded into violence, attacks on businesses and homes.