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SriLankan Engineering does maintenance check for Cebu Pacific Air

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The Engineering division of SriLankan Airlines continued its streak of firsts with the recent completion of a heavy maintenance check on a Cebu Pacific Air Airbus A330 (Trent 700), marking a foray into providing Maintenance, Repair, and Overhaul (MRO) services for wide-bodied aircraft from the Southeast Asian region. Cebu Pacific Air is the first Southeast Asian airline to sign up with SriLankan Engineering for heavy maintenance on wide-body aircraft, signifying the growing international demand and reputation of trust that SriLankan Engineering’s MRO services have garnered in a short span of time.

The heavy maintenance check on the Cebu Pacific Air aircraft was performed in SriLankan Engineering’s dedicated European Aviation Safety Agency (EASA) approved wide-body hangar over a period of four days. It was also the third heavy maintenance by SriLankan Engineering for a customer airline during a busy May, with the other checks being carried out on two Airbus A330 (CF6) aircraft of Serene Air, who came aboard last year.

SriLankan Engineering’s achievements as a third-party base maintenance provider have been nothing short of remarkable considering their relative newness to the business. SriLankan Engineering has especially established a reputation for on-time performance, short turnaround times and quality of workmanship among its expanding clientele from South Asia, the Middle East, Eastern Africa, and now Southeast Asia.

In this year alone, several new customers enrolled with SriLankan Engineering for line maintenance services in Colombo and the Maldives. The demand for base maintenance services has also been equally strong. Air-Sial and Salam Air enlisted for component maintenance services, while and Cebu Pacific Air and Jazeera Airways became the newest customers of heavy maintenance services in 2023. The increasing demand for its MRO services has also resulted in an increasing dollar revenue for SriLankan Engineering, which saw a 35 per cent jump in earnings between the last two financial years. For more information on SriLankan Engineering visit www.srilankanengineering.com

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Onmax DT ordered to submit plans to refund depositors

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Colombo Chief Magistrate Thilina Gamage today (May 02) ordered directors of the company – Onmax DT to submit a programme to refund the aggrieved depositors of the Onmax DT pyramid investment scheme.

The 04 company directors previously released on bail also appeared in court today.

The magistrate made the order after considering facts presented in court.

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CPC slashes fuel prices

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The Ceylon Petroleum Corporation has reduced fuel prices with effect from midnight today (April 30).

Accordingly, 

– Petrol (92) has been reduced by Rs.3/- to Rs. 368/– Petrol (95)  has been reduced by Rs. 20/- to Rs. 420/-
– Lanka Auto Diesel has been reduced by Rs. 30/- to Rs. 333/-
– Lanka Super Diesel 4 Star Euro 4 has been reduced by Rs. 9/- to Rs. 377/-

– Lanka Kerosene has been reduced by Rs. 30/- to Rs. 215/-

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Supreme Global Holdings enters bidding to acquire SriLankan shares

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Supreme Global Holdings, a conglomerate owned by R.M. Manivannan, has entered the bidding process to acquire shares of the national carrier – SriLankan Airlines.

According to a media release by the company issued in this regard, the Expression of Interest (EOI) process, which concluded last week (Apr 27), saw the participation of Supreme Global, under Sherisha Technologies Private Limited.

Sherisha Technologies Private Limited, formerly known as SunEdison Energy India Private Limited.

Last week it was reported that six (06) Request for Qualification (RfQ) were received from potential investors for the acquisition of shares in SriLankan Airlines Limited.

Sherisha Technologies Private Limited was among the six entities.

Supreme Global Holdings is also known for having formed a robust consortium including MBS Investments, the investment arm of the Private Office of Sheikh Nayef Bin Eid Al Thani of Qatar.

Apart from its recent bidding for SriLankan Airlines, Supreme Global Holdings previously assisted Sri Lanka during the energy crisis faced in 2022, by extending over USD 1.5 billion in credit to Sri Lanka, along with innovative payment solutions such as accepting Sri Lankan rupees for oil payments.

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