Daily FT learns the new operations will be branded as Cinnamon Air, with JKH holding 40% stake in the joint venture and Brandix and MMBL owning 30% each. The Daily FT in January exclusively reported the impending deal by the consortium in a bid to tap the post-war rebound in tourism. The venture with an initial investment of $ 7 million will operate two Amphibian aircraft which has the ability to land and take off from both land and water giving it a unique advantage as opposed to some of the existing players in domestic aviation.
http://www.ft.lk/2012/08/02/boi-deal-today-on-cinnamon-air-venture-by-jkh-brandix-mmbl/