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

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..