India’s Tata Group Contemplating Purchase of SriLankan Airlines: Initial Talks Underway

Sri Lanka's national carrier, SriLankan Airlines, is reportedly in discussions to be sold to India's Tata Group, according to a senior official from the Ministry of Ports, Shipping and Aviation. The talks are said to be in the early stages, with both governments involved in the negotiations.

Tata Group is India's largest business conglomerate, and already operates several airlines, including Air India. The company is said to be keenly interested in SriLankan Airlines, which has been struggling financially for some time.

The Sri Lankan government has been seeking ways to restructure the airline, which has been incurring losses for several years. The sale to Tata Group is seen as a possible solution to the problem.

No further details of the negotiations have been revealed, but the talks are being closely watched by both the aviation industry and investors in Sri Lanka.