Sri Lanka's loss-making Mattala Rajapaksa International Airport requires significant investment and restructuring to attract potential investors. A previous lease agreement with an Indo-Russian joint venture failed commercially, leaving the airport with no regular flights.

Sri Lanka’s loss-making Mattala Rajapaksa International Airport will need a complete overhaul if it wants to attract investors, analysts warn, after a 30-year lease agreement with an Indo-Russian joint venture failed commercially. The nation’s second international airport, built with Chinese loan, is located near a wildlife sanctuary on the island’s southern coast. It has no regular flights. Since opening in 2013, the small airport has failed to generate enough revenue to cover even its...