“BlackRock and TPG Capital, two global investment management firms are among the interested parties in addition to some Chinese airlines,” Malik Samarawickrama, minister of International Trade and Development Strategies has said.
“We (government) will have to takeover the debt only and give as no one will take it with it,” he has added.
BlackRock, is a investment management corporation based in New York City while TPG Capital is one of the largest private equity investment firms globally, focused on leveraged buyouts, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations.
Earlier, it was reported that a main contender - Hainan Airlines is now reluctant take up Sri Lankan Airlines.
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