Mihin Lanka: Not yours to fly
Economist Anushka Wijesinha through three tweets, helped put the staggering losses by Mihin Lanka in perspective.
Even more outrageous is what the Daily FT report flags as the fiscal management policy of Mihin Lanka,
The Auditor General had observed that although the company is running at a continuous loss, the annual remunerations paid to the six-member Board of Directors have increased over the years. Rs. 11 million has been paid to Directors as remunerations last year – an increase on the Rs.4.9 million paid for the previous year. According to the Auditor General’s report, the Mihin Lanka Chief Executive Officer (CEO) who is also the CEO of Sri Lankan Airlines is paid Rs. 500,000 a month by each of the institutions as remuneration.
Who is holding the President accountable for this?