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I also worked for Air-Lanka for a few years, and really enjoyed myself there. The routs and layovers (specially Rome) were wonderful.
The only problem I had was pay. I agree with you about the purchase of the air buses being foolish, but the Shirlankans cannot refuse anything offered on credit. For example, the two - 500 Tri-Stars, not that they ever made a payment on them. I suspect the same thing with the Airbuses. We had ("e") made special to Kuwait that was bought cheap except when you concider the high time on the airplane. I would still love to go back.