Emirates Will Not Renew The Shareholders’ Agreement Of SriLankan Airlines - China Newswire - Social Media Press Release Distribution Service for China

Social Media Internet Press Release Distribution Service for China

Home Services RSS Feeds FAQ About Us Contact Us Buy Now! 中文

Emirates Will Not Renew The Shareholders' Agreement Of SriLankan Airlines

Beijing, China (January 09, 2008) /China Newswire/ — SriLankan Airlines' Managing Director Mr. Timothy Clark made the following statement on Sunday outlining Emirates' status on the Shareholders Agreement.

"Emirates has notified the Government of Sri Lanka that it will not be renewing the Shareholders' Agreement which expires on 31st March 2008 and accordingly, with effect from 1stApril 2008, management control of SriLankan Airlines will pass to the Government of Sri Lanka."

"Emirates will continue to manage the Company until 31st March 2008 through the offices of Mr. Peter Hill and his management team. Emirates will retain its 43.6% equity in the Company for the time being and continue to have a Board presence."

CONTACT INFORMATION

Elodie Liu
Tel: +86 10 84470844 ext.607
Fax: +86 10 84470483
E-mail: nliu@lavender-media.com

Jessica Zhang
Tel: +86 10 84470844 ext.604
Fax: +86 10 84470483
E-mail: rzhang@lavender-media.com

Technorati Tags:
Emirates | SriLankan Airlines | Shareholders' Agreement

Press Release Tools
Print Release Email Release Rate this Release: Loading ...	Share this release:

Frequently Asked Questions ~ Terms & Conditions ~ Privacy Policy ~

©Copyright 1999-2008 China Newswire. All Rights Reserved. Press releases are copyright the individual companies. If you have any questions regarding information in these press releases please contact the company listed in the press release. China Newswire is a conduit for the distribution of press releases and is not a news wire service. China Newswire attempts to accept press releases from reliable sources, but China Newswire does not verify the truth, accuracy, or veracity of the contents of the press releases it distributes. China Newswire's clients are responsible for the contents of the press releases they submit to China Newswire or its network of websites run by BDL Media Ltd. Please read China Newswire's Terms of Service, which govern clients who submit press releases to China Newswire. Journalists are strongly encouraged to check the accuracy and truthfulness of all press releases distributed via China Newswire before relying on any press release for any reason. Each press release China Newswire distributes contains contact information or links to contact information journalists should use for verification purposes. China Newswire does not warrant or guarantee the accuracy, adequacy, quality, currentness, validity, completeness, or suitability of any information for any purpose; that the Information will not contain material which some individuals may deem objectionable; or that the functions or services performed by China Newswire will be uninterrupted or error-free or that defects in China Newswire will be corrected. In no event shall China Newswire be liable to anyone for any delays, inaccuracies, errors or omissions with respect to the information or the transmission or delivery of all or any part thereof, for any damage arising therefrom or occasioned thereby, or for the results obtained from the use of the information. The content and accuracy of press releases published on this site are wholly the responsibility of the originating company or organization. While every effort is made to ensure the accuracy of our services, under no circumstances shall China Newswire be liable for any loss resulting from the use of information available from this site. For more information and additional terms and condition, please visit the page here.