Govt Appoints New Team to Fix Rs. 340 Bn Hole in SriLankan Airlines 📈

• Overall Crisis: The Government of Sri Lanka has appointed a specialized team to address a massive Rs. 340 Billion deficit within the balance sheet of the national carrier, SriLankan Airlines. • Financial Background: Based on provisional financial assessments, the airline continues to face severe financial stress due to heavy debt servicing and legacy liabilities, which have deeply eroded shareholder equity. • Restructuring Target: The newly appointed team is tasked with implementing a critical turnaround strategy aimed at stabilizing the state-owned enterprise, addressing balance sheet holes, and containing fiscal risks to the national economy.