SriLankan Airlines (UL, Colombo Int'l) has finalized lease agreements with Dutch firm AerCap and US firm Air Lease Corporation (ALC) for A321neo aircraft. The AirFinance Journal reports each firm will supply the Sri Lankan national carrier with two A321neo each.
At present, SriLankan operates an all-Airbus (AIB, Toulouse Blagnac) fleet of six A320-200s, two A321-200s, seven A330-200s, two A330-300s, and six A340-300s.
| Type | Scheduled Carrier |
|---|---|
| Base | Colombo Int'l |
| Aircraft | 24 |
| Destinations | 39 |
| Routes | 41 |
| Daily Flights | 63 |
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The government of Sri Lanka is moving to sell 49% of the profitable catering and ground services arms of SriLankan Airlines (UL, Colombo Int'l) in a bid to reduce the state-owned carrier's debt levels which, Aviation Minister Nimal Siripala de Silva said this week, stand at USD1.05 billion.
"SriLankan Airlines doesn’t have the financial ability to repay the debts and lease rentals owed to the local and foreign parties, including the lessors of aircraft, and the government is not in a position to continue to fund the airline under the present environment," de Silva told a news conference in Colombo.
According to the minister, the airline owes USD446 million to local banks, USD80 million to aircraft lessors, and USD325 million to domestic entities including the Ceylon Petroleum Corporation, Sri Lanka's Airport and Aviation Services Ltd, and the Civil Aviation Authority of Sri Lanka. The airline also soon faces paying out a USD175 million bond.
The minister said the Sri Lankan government has decided to invite expressions of interest from private investors to acquire 49% stakes...
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