Wednesday, July 22 2026
Wednesday, July 22 2026
MONETABRIEF – Sri Lanka's cabinet has appointed a committee to conduct a strategic review and restructure state-urn SriLankan Airlines with advice from the International Finance Corporation, the President's office said.
"The main objective of this exercise is to establish a financially sustainable and commercially efficient national carrier, while reducing the long-term fiscal burden on the Government," the President's office said in a statement.
"Accordingly, it has been deemed appropriate to establish a dedicated committee to carry out the strategic review and restructuring process in collaboration with the International Finance Corporation (IFC), which is serving as the Transaction Advisor.'
The committee is headed by Senior Presidential Advisor on Digital Economy Hans Wijayasuriya.
The other members are:
Senior Presidential Economic Advisor Duminda Hulangamuwa
Financial and corporate strategy expert Deshal De Mel
Transaction and investment banking, mergers and acquisitions expert Dumith Fernando
The Secretary to the Ministry of Finance or his Representative
The Secretary to the Ministry of Transport, Highways and Urban Development / a representative of the Civil Aviation Authority
The Chairman of SriLankan Airlines
Legal experts with specialised knowledge in corporate, aviation and public law
Aviation industry experts to be appointed The committee will be responsible for:
• Conducting an independent review and assessment of the airline’s strategic direction and future course of action
• Recommending restructuring requirements and possible restructuring models
• Evaluating specific strategic options and identifying the most suitable course of action aligned with the Government’s overall objectives
• Providing oversight, guidance and support for the implementation of the selected strategy and execution framework determined by the Government
The committee will function for the duration of the strategic review and restructuring process, or until it is formally dissolved by the Government of Sri Lanka.
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