Jun 24, 2018

SriLankan to get new COO/CFO Featured

The SriLankan Airline will have a new chief operating officer and chief financial officer in Wipula Gunatilake, starting in August.

He will succeed CEO Suren Ratwatte.

His appointment is part of the moves to minimize institutional debt and to formulate an investor-friendly business plan under a new management.

Gunatilake was CFO of SriLankan some years ago, and later became TAG Angolan Airlines CFO and director board member.

The debt-ridden SriLankan’s woes are blamed on wrong management and wet-leasing of aircraft at high prices during the 2011-14 period.