The Hon. Ravi Karunanayake

¶ 01 Hon. Speaker, considering the airline’s finances, the recapitalization of Rs. 25.3 billion, and the Government’s commitments under the IMF EFF to commercialize SOEs and reduce quasi-fiscal risks, I request an urgent Government statement. I seek clear responses on: 1) Current status of restructuring/privatization: Cabinet-approved pathway; whether partial divestiture, PPP, management contract or retention of full state ownership; and timelines. 2) Basis as a going concern; whether auditors have noted any material uncertainty absent sovereign support/guarantees. 3) Total debt on the latest reporting date, broken down into Treasury-guaranteed debt, aircraft lease liabilities, bank debt, intra-group obligations, in LKR and USD. 4) Structure of the Rs. 25.3 bn recapitalization: equity, debt conversion, assumption of liabilities, guarantee release; and under which budget head/supplementary estimate it was approved. 5) Annual P&L for 2021–2025 for: (a) SriLankan Airlines Ltd. (b) SriLankan Catering Ltd. (c) SriLankan Ground Handling Ltd. (as group subsidiaries). 6) With ~70% of routes loss-making, high staff-to-aircraft ratio, passenger load ~80% but breakeven load factor higher—what structural issues cause this and what reforms address them? 7) What share of total tourist arrivals flew on SriLankan in those years? 8) Projected Government fiscal exposure over the next three years, including guarantees, lease obligations and refinancing risks, and compatibility with IMF fiscal consolidation targets. Full transparency is essential.

¶ 02 Thank you.