Good questions Khan. Right now the only way for SriLankan to avoid going bust is to change the management. It need not be a complete foreign management, there are many capable individuals here, although not in aviation ( eg: Dr. Hans Wijayasuriya who is now COO of Axiata as well ). But this management has proved that they cannot.
They are looking at ZRH now. Another twice weekly, another FRA/CDG transit most probably. And I believe they will sell 4R-ABE next month, which
afaik is the only aircraft under ownership.