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Sri Lanka seeks new flight path for ailing airline

Government looks to private equity to turn around debt-ridden carrier

A SriLankan Airlines jet taxis along the sole runway of Colombo’s Bandaranaike International Airport. (Photo by Tharaka Basnayaka)

COLOMBO -- Hopes are rising for Sri Lanka's ailing national carrier, SriLankan Airlines, as U.S.-based private equity firm TPG Capital conducts due diligence on the indebted company.

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