SriLankan Airlines will acquire six Airbus A350-900 and seven A330-300 aircraft to upgrade its product and cut costs starting from October 2014. SriLankan will acquire 10 aircraft from Airbus through a mix of operating and finance leases in a deal which has a 'present value' of $1.2 billion and another three from an aircraft leasing firm. In the first phase six Airbus A340 aircraft which are up to 18 to 16 years old will be replaced by A330-300 aircraft. Seven A330-200 aircraft which are around 13 to 16 years old will be replaced starting from 2017 with A350-900 aircraft. Three will come from an aviation leasing firm as there were no manufacturing slots available at Airbus in that period. The balance four A350s will be acquired from Airbus Industries starting from 2019.

Alia - The Royal Jordanian Airlines Company finalized a new free-sale codeshare agreement with SriLankan Airlines (UL). Thus, SriLankan Airlines may sell as many seats between Amman and Colombo as RJ, with no limitation on the number of seats sold by SriLankan. Tickets bought according to the codeshare agreement go on sale starting with August 22, 2012, for travel starting August 26. Under the agreement, SriLankan Airlines will be the marketing carrier and will place its marketing carrier code on flights operated by Royal Jordanian (RJ) on the Amman-Colombo route. This first stage of the agreement might be expanded in the future and transformed into a bilateral agreement, whereby RJ will put its code on the flights of the SriLankan Airlines flying beyond Colombo, after obtaining the necessary traffic rights for each carrier. This expansion of the agreement is bound to include more points in the SriLankan Airlines network, giving more travel options to RJ travelers. SriLankan Airlines has been elected as a oneworld member and is expected to join the global alliance late 2013. With this agreement, RJ's codeshare agreements with the oneworld carriers reaches six: American Airlines, Air Berlin, British Airways, Iberia, Siberia airlines, in addition to the member elect SriLankan Airlines. RJ has such agreements with other international airlines, including US Airways, Tarom, Gulf Air, Syrian Air and Malaysia Airlines.

UAE Based banks have successfully arranged $175 million Islamic structured facility for the SriLankan Airlines Ltd.