The flag carrier of Sri Lanka, SriLankan Airlines, announced that they have put their 4 A350 XWB’s up for sale, before they have been delivered.
They have already sold one aircraft to a leasing company and are currently in talks with airlines to sell the remaining 3 aircraft.
The Sri Lankan government has agreed to a $1.5 billion bailout to help the airline become profitable once again. The airline is currently struggling with debts of around $3.2 billion. The airline last made a profit in 2009.
SriLankan Airlines was formed in 1998 when Emirates acquired a stake in Air Lanka, which then re-branded to SriLankan and introduced a new logo and livery. The joint venture between the government and Emirates ended in 2008 when Emirates sold its share of the airline.
Helped by lower oil prices, the airline managed to cut its losses by half in the financial year 2015-2016. SriLankan posted a loss of 16.33 billion rupees ($113 million), compared to 31.4 the year before.