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30 October, 2013 06:54 AM Source: Financial Times - Sri Lanka

President Mahinda Rajapaksa officially opened the first private sector domestic air terminal at the Bandaranaike International Airport on Sunday 27 October. Minister of Economic Development Basil Rajapaksa and several other ministers were associated with the inauguration ceremony.

Cinnamon Air, owned and operated by Saffron Aviation Ltd., a BOI approved joint venture with an investment of $ 10 million is a budding domestic airline jointly owned by JKH, Mercantile Merchant Bank and Phoenix Ventures, the holding company of Brandix. The airline has been in operation since July this year with daily scheduled flights to tourist destinations within the island.

The new terminal has been developed by Saffron Aviation Ltd. The homely terminal is tucked away in a picturesque garden within the BIA. The airline also has its own hangar at the airport equipped with state-of-the-art maintenance facilities. More...

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