Srilankan_340 From United Kingdom, joined Oct 2002, 201 posts, RR: 2
Reply 2, posted (11 years 8 months 5 days 12 hours ago) and read 1507 times:
Virtually completely owned by EK
No They don't. EK only own 40%.
EK signed an agreement in 1998 to buy a 40% stake and to manage UL for 10 years.
After years of corruption and mis-management by then state controlled management, they are now a truly first class airline thanks to EK's managemet input. Have been making good profits for the past few years when other world airlines were loosing money.
People are often unreasonable, illogical and self- centered: Forgive them anyway - Mother Theresa