SriLankan Airlines Up for Sale: Government Seeks US$500M Capital Injection in Debt Restructuring Drive

The Sri Lankan government has issued an Expression of Interest (EOI) for the divestiture of SriLankan Airlines, seeking at least US$500 million. The airline operates 23 Airbus aircraft to 39 destinations. The government offers up to 49% of shares or an outright sale. The airline has over US$1.3 billion debt as of March 2023, worsened by a recent default on a Rs 175 billion Treasury Bond. Aviation Minister Nimal Siripala de Silva stated the government will shoulder the remaining debt. The sale is part of a broader divestiture plan including Sri Lanka Telecom and Lanka Hospital Corporation.

The Sri Lankan government has issued an Expression of Interest (EOI) for the divestiture of SriLankan Airlines, seeking at least US$500 million. The airline operates 23 Airbus aircraft to 39 destinations. The government offers up to 49% of shares or an outright sale. The airline has over US$1.3 billion debt as of March 2023, worsened by a recent default on a Rs 175 billion Treasury Bond. Aviation Minister Nimal Siripala de Silva stated the government will shoulder the remaining debt. The sale is part of a broader divestiture plan including Sri Lanka Telecom and Lanka Hospital Corporation.

The Sri Lankan government has issued an Expression of Interest (EOI) for the divestiture of SriLankan Airlines, seeking at least US$500 million. The airline operates 23 Airbus aircraft to 39 destinations. The government offers up to 49% of shares or an outright sale. The airline has over US$1.3 billion debt as of March 2023, worsened by a recent default on a Rs 175 billion Treasury Bond. Aviation Minister Nimal Siripala de Silva stated the government will shoulder the remaining debt. The sale is part of a broader divestiture plan including Sri Lanka Telecom and Lanka Hospital Corporation.

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