Does anyone know the latest joke doing the rounds?
When Air Lanka was a state airline its code letters UL were said to stand for "usually late". Now that SriLankan is now back under state management, they have gone one better. Now the code is said to stand for "unable to locate aircraft".
Funnily enough, this is exactly how dear old Air Ceylon collapsed. We used to have a few coasters and some cutlery emblazoned with the Air Ceylon Logo (which I always thought was really nice, much better than the Air Lanka or SriLankan logos -have a look at it here and here.
Coming back to the story of the collapse of Air Ceylon, it happened when one of its aircraft was seized in Europe for non payment of fuel bills in 1977. Another aircraft was blown up at Ratmalana in 1978 and that was the end for Air Ceylon. Ones wonders whether a similar fate will befall SriLankan?
More details on Air Ceylon's history are available here and here.