National Carrier
http://www.indi.ca/2008/05/national-carrier/ (www.indi.ca)
published: 2008-05-06 06:10:49 ( 8 months ago )fetched: 2008-05-06 07:15:21 ( 8 months ago )
Mihin Lanka was a vanity airline started by Mahinda Rajapakse, named after himself, funded with public money (like people's pensions) and leeched into the ground by corrupt and incompetent cronies. Now the airline has lost over 1.6 billion rupees (about $16 million dollars) and no one is giving them credit. No credit means they can't afford the $223,000 monthly lease on their airplanes, and the last one has been seized for non-payment. To clarify, Mahinda gambled with the peoples money on a pet project and it went broke. There will, of course, be no [ ... ]
Source: Kottu.Org