SriLankan Airlines and the Government of Sri Lanka have reached an agreement in principle with major bondholders on the restructuring of USD 175 million in Guaranteed Bonds due June 2024, subject to the approval by the Cabinet, IMF, and the Official Creditor Committee (OCC).
The discussions took place between 23 October and 19 November 2025, with the Company represented by its financial and legal advisors, Lazard and Norton Rose Fulbright LLP, and the Group, which controls approximately 55% of the outstanding Notes, represented by legal advisor Akin Gump Strauss Hauer & Feld.
