SriLankan Airlines has formulated a five-year strategic business plan for the period 2019-24, with the objective of transforming itself into a financially viable organization.
Under the new plan, the National carrier plans to turn its Colombo hub a key connecting point for passengers between Asia, Africa, and the Middle East., by taking leverage of code-sharing network.
As part of the plan, the airline will be launching a fifth-weekly frequency flights between Colombo and Tokyo Narita from 16 July using Airbus A330-300s.
SriLankan operates an all-Airbus fleet of 27 aircraft including 13 A320 family aircraft and 14 A330s.
For the last three quarters of 2018, the carrier reported a net loss of SLR40 billion ($135 million), though its revenue rose 8% to SLR120 billion. The higher fuel prices, cost of aircraft leasing and fall of Rupee value to Dollar also have contributed to losses.