After learning a bitter lesson in 2007 by entering into disastrous hedging deals without proper foresight, Sri Lanka is not resorting to any kind of hedging to cushion rising oil prices which are similar to surging prices four years ago when hedging options were resorted to.
Cashing in on two untapped markets, Mihin Air, Sri Lanka’s national budget carrier, has seen instant success in its flights to Indonesia and Bangladesh and in two years plans to expand the fleet to six from two.
