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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » SriLankan flight diverted to Mattala due to bad weather

SriLankan flight diverted to Mattala due to bad weather

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hawklk


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This is not relevant to Stock but I feel I need to point out this since there was another post regarding Mattala Airport.

When I justified Sri Lanka needs another International airport in the following post 

(http://forum.srilankaequity.com/t26769-mattala-airport)

two of the very senior members laughed at my comments. Namely they were hettdas, Jana1

Jana1 Wrote      
Your reason looks so funny. I never heard this kind of explanation from any of economist/ analyst... If SL need additional airport to land Airbus during bad weather, what abt its day today running cost? Its maintenance cost may be 1000 times bigger than the cost incurred by bad weather incl. hotels and transport. And effect of bad weather is very rare in Colombo. It seems that you have very poor financial decision making background...


I still justify Sri lanka needs another airport, but I do not approve the way it was built and handled nor its location.

I was reading an article by a Captain with regard to the way mattala airport was built. Even I was shocked to read that it had only one taxiway. A plan landing has to back track to enter the apron. This is a very inefficient way to handle traffic. You can clearly see this in google maps.

When it comes to people's lives cost is irrelevant. MH370...millions of US$ are being spent just to find it's wreckage.

dsam

dsam
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
wow.. wonder of asia.Paddy storage has a runner way that can land air Bus.This can be a world record.

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I still think it is not the right time to make an another Airport in a country like Sri Lanka.
Plane might have landed once or twice in a year in Chennai due to bad weather. But to make an airport & maintaining it, is not a simple thing. Sri Lanka is very poor country & mostly depend on imports. Always depend on loans. Our debts are exceeding the income. Day to day how many people travel by train? As an example if the previous government made another railway track from Mirigama to Fort I think it is better investment than this. Lets see how much traffic on the roads. If CGR can accommadate  A/C train compartments their won't be such a traffic in roads. Also why couldn't they give this money as a loan  to a good production company to produce fruitful thing to export and earn foreign   income. I think bad decisions effect badly to our country. Now see our rupee value against dollar....

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