Following its partial acquisition in 1998 by Emirates, it was re-branded and introduced the current livery.
After ending the Emirates partnership, it has continued using its re-branded name and logo.
Sri Lankan phased out their last Airbus A340-300 on 7 January 2016 with its last scheduled flight from Chennai to Colombo.
The airline terminated three European routes – Frankfurt, Paris and Rome – by end 2016.
Sri Lankan acquired 6 Airbus A330-200s to complement its fleet of Airbus A340-300 and A320-200 aircraft.Air Lanka, which was state-owned, was partially privatized in 1998, with investment by Dubai-based Emirates Group, when Emirates and the Sri Lankan government signed an agreement for a ten-year strategic partnership.This agreement included exclusive rights for all aircraft ground handling and airline catering at Colombo-Bandaranaike airport for a ten-year period.On 24 April 1980, the lease ended; Air Lanka received a replacement Boeing 737 leased from Royal Brunei.On 1 November 1980, Air Lanka commenced wide-body operations with a leased Lockheed L1011-1 Tristar from Air Canada.Sri Lankan (and Air Lanka) mainly uses country's national dress, "Osariya" as the uniform for its female staffs (Stewardess & ground staff) whilst males were given the usual western black suit, during airlanka's days it was red in color.