International Finance Corporation (IFC), a subsidiary of the World Bank is reportedly going to assist the Sri Lankan Finance Ministry in the divestment process of SriLankan Airlines along with its sub...
Sri Lanka’s aviation minister, Nimal Siripala De Silva has hinted at the restructuring and sale of SriLankan Airlines, according to sources. Multinational finance advisory Lazard is helping to prepare...
SriLankan Airlines recently signed Swiss-AS, AMOS software as a next step towards paperless maintenance. The airline has also opted for AMOSmobile/EXEC which is a touch-optimised add-on to AMOS. This ...
SriLankan Airlines is ready to upgrade its fleet by replacing some of its older Airbus A330 aircraft as their leases will soon expire and has issued a request for proposal (RFP) for leasing five wideb...
SriLankan Airlines is planning to resume direct flights connecting Colombo, Sri Lalanka and Vishakhapatnam, India. The airline flew this route in 2017 for a year before terminating it due to restructu...
SriLankan Airlines has grounded three of its aircraft due to the lack of funds for engine repairs. The aircraft have been grounded for several months, Sri Lanka’s civil aviation minister Nimal Siripal...
Ratings agency S&P Global cut its long-term issue rating on SriLankan Airlines' foreign currency-denominated bond, after the airlines was unable to meet an interest payment and defaulted on a paper. S...
SriLankan Airlines is all set to resume commercial flights to China starting from April 2023 with thrice weekly flights to Shanghai, Beijing and Guangzhou. China was a major source of inbound tourism ...
SriLankan Airlines has defaulted on a $175 million bond as it was unable to meet a $6 million interest payment due in December 2022. The airline’s default on the 7% bond occurred as a result of a non-...
SriLankan Airlines is currently facing a major problem of pilots exiting the airline. Calling it a major issue for the airline, CEO Richard Nuttall said that pilots with eligible experience have start...
The Sri Lankan government has decided to divest the ownership of its national carrier SriLankan Airlines, a statement from the ministry revealed. As per the cabinet’s decision, the airline’s managemen...
Sri Lanka’s new low-cost airline, FitsAir, will take off with international operations from October 5, 2020, operating a fleet of A320-200 and connecting Dubai, Male, and Trichy. The airline will oper...
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