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Emirates to sell SriLankan stake

Dubai-based Emirates airline said it is looking to sell all or part of its stake in state-controlled SriLankan Airlines after the South Asian country's government sought greater control over the carrier's day-to-day business, reported Reuters. Emirates owns 43.6 per cent of SriLankan and whose 10-year management contract of the carrier expires in April, would value its stake at about $150m.