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Government says Airlines Loan Restructuring Completed

Government says Airlines Loan Restructuring Completed

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Minister of Ports and Civil Aviation Anura Karunathilaka informed Parliament today (06) that the restructuring of Rs. 91.3 billion in loans obtained by SriLankan Airlines from state banks has been successfully completed.

Responding to a question raised by an opposition MP, the Minister said an agreement has been reached between the Treasury, the Banking Directorate, and SriLankan Airlines on a structured repayment mechanism.

Under the agreed framework, the Sri Lanka government will continue to inject capital into the airline annually to facilitate repayments to state banks, with contributions scheduled twice a year in April and October.

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