Texas Pacific Group Connected With Perpetual to Acquire SriLankan, Mihin Airlines: Prof. G L Peiris

State Enterprises and Entrepreneurship Deputy Minister Eran Wickramaratne had told the media that three companies, namely Peace Airways, Texas Pacific Group (TPG) and Super Group Partners were those selected from among 10 companies to compete for the right to engage in the process of restructuring the SriLankan and Mihin Lanka. From the selected companies, the Deputy Minister Eran  had said that the Texas Pacific Group (TPG)was the most qualified to restructure the two airlines.

The TPG  is a US based group said to have  connection with the  Perpetual Treasuries Pvt. Ltd, which was currently embroiled in a major controversy surrounding the Central Bank bond issue.

Perpetual  was attempting to purchase these State institutions by using another company as a cat’s-paw.