AirAsia Consulting in early talks for SAL acquisition

“Currently, it is in the pre-qualification stage, and no purchase bid or cash was involved,” AirAsia Consulting CEO Subashini Silvadas said.

KUALA LUMPUR: AirAsia Consulting is planning further engagement with the International Finance Corp (IFC) which is mandated to advise the Sri Lanka government on the divestiture of SriLankan Airlines Ltd (SAL).

The consultancy was responding to news report on AirAsia being among six bidders for Sri Lanka’s state-run carrier SriLankan Airlines since the island nation was looking to reduce losses incurred by government-owned enterprises under a US$2.9bil International Monetary Fund programme.