Currently Sri Lankan airlines, budget carrier Mihin Lanka and third parties use the A320 simulator to train their pilots.
The device has a database of over thirty airports.
"We have the capacity to train about thirty cadet pilots a year and cut costs by around fifty percent by having a simulator here," the carrier's chief operations officer Captain Druvi Perera said.
"The time saved is around two to three months," he said.
Sri Lankan airlines said pilots mostly trained in Singapore, Malaysia, Dubai, Hongkong, Bahrain and India before the A320 simulator was installed.
With the delivery of the A330 simulator, the transition of a pilot from one aircraft to another aircraft will be easier, Sri Lankan airlines said.
The new flight simulator will help train more pilots in the operation of wide-bodied