The troubled Sri Lankan Airlines, the national carrier of Sri Lanka, was granted a $200 million long-term credit package from Credit Suisse Bank to stay afloat, Xinhua.net reports.

Sri Lankan government is currently searching for an international investor for the troubled airline and the loan is expected to help “strengthen the government's guarantee” during the ongoing discussions, is noted in the publication.

Sri Lankan Airlines is experiencing huge financial loses and is set to undergo restructuring efforts led by the Ministry of Finance with the help of the consultants from the aviation industry, according to a statement by Sri Lankan Airlines earlier in December 2017. In 2016 the Prime Minister of Sri Lanka revealed that the airline has $3 billion debt, attributed to its ‘mismanagement’ by the previous government.