To address the financial burdens of SriLankan Airlines (SLA), the government has announced a plan to settle the airline's legacy debt. Despite previous governments' attempts to divest state ownership and attract private investment, SLA continues to play a crucial role in the transportation of passengers and cargo by air.
To alleviate the financial strain, the government will sign an agreement with banks to set aside Rs. 10 billion for loan capital repayment in 2025 and an additional Rs. 10 billion for interest payments. Once these legacy debt service costs are settled by the government, SriLankan Airlines will be fully responsible for ensuring its operating profitability.
Additionally, the company is devising a new medium-term strategic plan to achieve this goal. The government has proposed allocating a total of Rs. 20 billion for this purpose, highlighting its commitment to the financial stability and future success of SriLankan Airlines.