AirAsia Joins Bidders for Sri Lanka's National Carrier

25 Apr 2024 CW Team

AirAsia, a prominent low-cost airline, has emerged as one of the bidders for Sri Lanka's national carrier. The airline's interest in acquiring a stake in Sri Lanka's flag carrier underscores the growing competition in the aviation sector and AirAsia's strategic expansion plans in the South Asian region.

Sri Lanka's national carrier has attracted attention from various airlines and investors seeking opportunities to invest in the country's aviation industry. The bidding process for the national airline has garnered significant interest, reflecting the potential for growth and investment in Sri Lanka's aviation sector.

AirAsia's bid for Sri Lanka's national carrier aligns with its broader strategy to expand its presence in key markets and strengthen its position in the region. The airline's low-cost business model and extensive network could bring significant value to Sri Lanka's aviation industry, enhancing connectivity and driving tourism and economic growth.

The participation of AirAsia in the bidding process highlights the attractiveness of Sri Lanka's aviation market and the potential for collaboration between international airlines and the country's national carrier. As the bidding process progresses, stakeholders will closely monitor developments and assess the potential impact on Sri Lanka's aviation sector and the broader economy.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..