Sri Lankan government calls for EOIs from local and foreign businesses to operate domestic flights

Sri Lankan government calls for EOIs from local and foreign businesses to operate domestic flights

The Sri Lankan government has reportedly called for Expressions of Interest (EOI) from local as well as international businesses to operate domestic flights to key tourism destinations in the island nation.
The National Agency for Public-Private Partnership, the Finance and Mass Media Ministry and the Transport and Civil Aviation Ministry have reportedly published a call for EOIs from interested parties for the establishment of scheduled airline operations for domestic passenger air services within Sri Lanka.
According to reports, the prospective investor should partly have a Sri Lankan shareholding with experience in domestic aviation and should be in a position to mobilise at least two modern turboprop aircraft, having not less than 12 seats and satisfy all the civil aviation requirements to operate commercial flights.
The prospective investor should be able to operate daily scheduled passenger flights using the Bandaranaike International Airport (BIA) and Ratmalana Airport as bases to select local airports or a ‘hop-on-hop-off’ service involving multiple airports, reports further note.
Prospective investors must submit EOIs to the National Agency for Public-Private Partnership Chairman on or before February 16, 2018, where the shortlisted parties will then be requested to respond to a detailed Request for Proposals (RFPs) that is being prepared.

OSL take:

The Sri Lankan government’s call for EOIs to operate domestic flights is an investment opportunity for local and foreign businesses to enter the country’s aviation market. Given the Sri Lankan government’s decision to enter an aggressive tourism promotion campaign, the increase in tourist arrivals to the country would undoubtedly improve the market for domestic flight operations in Sri Lanka. Therefore, investing in the domestic aviation sector would bring good returns to the investors.

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Article Code : VBS/AT/20180112/Z_3

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