Cabinet has given approval  for   SriLankan Airlines  to obtain its aviation  insurance coverage for 2020/2021  from Sri Lanka insurance Corporation (SLIC) for a sum of $ 4.05 million.

The relevant Cabinet proposal was presented by Minister of Tourism and Aviation Prasanna Ranatunga.

Aviation insurance is a mandatory requirement for airline operations and SLA had obtained the insurance coverage from SLIC in 2018 with Cabinet approval.

The insurance cover must be renewed annually, and the Standing Technical Evaluation committee of the Airline had recommended that the insurance coverage for the year 2020/2021 be obtained from the SLIC.