Govt. to infuse US$ 500mn to SriLankan Airlines as equity

The government will infuse as much as US$ 500 million to SriLankan Airlines during the next five years adding much required capital to the national carrier, which is undergoing restructuring since last year, while retaining control under the State.

http://www.dailymirror.lk/business-news/Govt-to-infuse-US-500mn-to-SriLankan-Airlines-as-equity/273-213387

Daily Mirror

2021-06-04

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SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

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SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

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Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

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