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SriLankan Airlines
In 1979 Former airline manager Rajeewa Jayaweera, President Jayewardena initially did not interfere after entrusting the airline to Captain Rakitha Wickramanayake and the board of directors consisting of industry officials and managers.
https://en.wikipedia.org/wiki/J._R._Jayewardene
Former Singapore President, said "How could an airline pilot run an airline?".
A 1986 Presidential Commission discovered the Air Lanka Board looking and uncovered many mismanagements.
Under President Wijetunga's appointment of a retired General as Chairman/MD with Air Vice Marshals and a UNP attorney as executive directors.
https://en.wikipedia.org/wiki/Dingiri_Banda_Wijetunga
None of them had the know-how or understanding to run a business airline.
https://en.wikipedia.org/wiki/SriLankan_Airlines#cite_note-8
[8]
Air Lanka was established as the flag carrier of Sri Lanka once the Sri Lankan government shut down the bankrupt Air Ceylon. [9] Air Lanka's initial fleet consisted of two Boeing 707, leased from Singapore Airlines.
https://en.wikipedia.org/wiki/Sri_Lanka
https://en.wikipedia.org/wiki/Air_Ceylon
https://en.wikipedia.org/wiki/SriLankan_Airlines#cite_note-9
https://en.wikipedia.org/wiki/Boeing_707
https://en.wikipedia.org/wiki/Singapore_Airlines
One Boeing 737 was leased from Maersk Air and maintained by Air Tara.
https://en.wikipedia.org/wiki/Boeing_737
On 24 April 1980, the lease ended; Air Lanka received a replacement Boeing 737 leased from Royal Brunei.
https://en.wikipedia.org/wiki/Royal_Brunei_Airlines
On 1 November 1980, Air Lanka commenced wide-body operations which were leased Lockheed L1011-1 Tristar from Air Canada.
https://en.wikipedia.org/wiki/Lockheed_L1011
https://en.wikipedia.org/wiki/Air_Canada
On 15 April 1982, Air Lanka purchased an L1011 Tristar from All Nippon Airways.
https://en.wikipedia.org/wiki/All_Nippon_Airways
With the introduction of Tristar aircraft, the Boeing 707s were phased out.
Then another L1011 was leased from Air Canada whilst a third was purchased from All Nippon.
https://en.wikipedia.org/wiki/Air_Canada
On 1 May 1982, HAECO took over the maintenance of the two Air Lanka-owned Tristars, while Air Canada maintained two leased Tristars.
https://en.wikipedia.org/wiki/HAECO
On 28 March 1980, Air Lanka signed a purchase agreement for two brand new Lockheed L1011-500 Tristars, the most advanced wide-body aircraft in the world at that time.
https://en.wikipedia.org/wiki/Lockheed_L1011
The first Lockheed L1011-500 (4R-ULA) was accepted on 26 August 1982, at Palmdale, California.
https://en.wikipedia.org/wiki/Palmdale
https://en.wikipedia.org/wiki/California
It was flown to Amsterdam as UL flight 566P.
On 28 August, 4R-ULA "City of Colombo" left for its inaugural flight from Amsterdam to Colombo as UL566.
It reached Colombo on 29 August.
This was followed by the second Lockheed L1011-500, 4R-ULB, "City of Jayawardanapura".
On 8 June 1984 the airline received its first Boeing 747-200B "King Vijaya" and the second joined later.
https://en.wikipedia.org/wiki/Boeing_747-200B
The aircraft were used on flights to Europe and a few flights to southeast Asia.
https://en.wikipedia.org/wiki/Europe