https://www.taxtmi.com/news?id=61091 The government will require the national carrier's management to prepare a business plan and implement management restructuring on a near-term timeline, with unspecified alternative action if restructuring fails; this follows reported accumulated losses of SLRs 596,461 million (approx. USD 2 billion) and defaulted debt of USD 210 million (including a USD 175 million bond in arrears), and aligns with IMF conditionality identifying the airline as a loss-making State-Owned Enterprise requiring restructuring for fiscal sustainability. en-us Sun, 09 Nov 2025 11:31:03 +0530 Sun, 09 Nov 2025 11:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=61091 The government will require the national carrier's management to prepare a business plan and implement management restructuring on a near-term timeline, with unspecified alternative action if restructuring fails; this follows reported accumulated losses of SLRs 596,461 million (approx. USD 2 billion) and defaulted debt of USD 210 million (including a USD 175 million bond in arrears), and aligns with IMF conditionality identifying the airline as a loss-making State-Owned Enterprise requiring restructuring for fiscal sustainability. News - Sun, 09 Nov 2025 11:31:03 +0530 https://www.taxtmi.com/news?id=61091