Sri Lanka's embattled president was flown to an airbase near the main international airport Monday, officials said, raising speculation he will flee into exile abroad.

Gotabaya Rajapaksa fled the presidential palace in Colombo under naval protection on Saturday, shortly before tens of thousands of protesters overran the compound.

Hours later, the parliamentary speaker announced Rajapaksa would resign on Wednesday to allow a "peaceful transition of power".

The 73-year-old leader had taken refuge at a navy facility, a top defence official told AFP, before being brought to the Katunayake airbase -- which shares a perimeter fence with the country's main Bandaranaike International airport.

"He and his entourage were flown back to Colombo in two Bell 412 choppers," he added.

There was no official word from the president's office about his whereabouts, but several local media reports speculated he was set to leave for Dubai later Monday.

Prime Minister Ranil Wickremesinghe's office said Rajapaksa had officially informed him of his intention to resign, without specifying a date.

Cash in court

Earlier in the day, 17.85 million rupees (about $50,000) in cash Rajapaksa left behind at the presidential palace was handed over to a court after being turned in by protesters, police said.

Official sources said a suitcase full of documents had also been left behind at the stately mansion.

Rajapaksa took up residence at the two-century-old building after he was driven out of his private home on March 31 when protesters tried to storm it.

If Rajapaksa steps down as promised, Wickremesinghe will automatically become acting president until parliament elects an MP to serve out his term that ends in November 2024.  

But Wickremesinghe has himself announced his willingness to step down if consensus is reached on forming a unity government.

The succession process could take between three days -- the minimum time taken to convene parliament -- and a maximum of 30 days allowed under the statute.

The main opposition Samagi Jana Balawegaya (SJB) party was huddled in talks with smaller political groups Monday to secure support for their leader Sajith Premadasa.

An SJB official said they reached a tentative agreement with dissidents in Rajapaksa's SLPP to support 55-year-old Premadasa, who lost the 2019 presidential election.

Premadasa is the son of former president Ranasinghe Premadasa, who was assassinated in a Tamil rebel suicide bombing in May 1993.

Former Rajapaksa loyalist, Dullas Alahapperuma, 63, an ex-media minister, was tipped to be the new prime minister, an SJB legislator involved in the talks told AFP.

Five ministers resigned over the weekend and Wickremesinghe's office said the cabinet had agreed on Monday to resign en masse once an agreement was reached on an "all-party government". 

Protesters stay put

On Monday, huge queues formed to visit the palace -- in a line longer than some of the petrol queues snaking their way through the city.

Protesters say they will not leave until Rajapaksa formally quits.

"The demand is very clear, people are still asking for the resignation (of Rajapaksa), and full resignation, in a written confirmation," said protester Dela Peiris.

"So hopefully we will have this resignation from the government including the prime minister and president in the coming days."

The premier's private home in Colombo was also set on fire on Saturday night.

Demonstrators had been camping outside the president's office for more than three months demanding he quit over the country's unprecedented economic crisis.

Rajapaksa is accused of mismanaging the economy to a point where the country has run out of foreign exchange to finance even the most essential imports, leading to severe hardships for the 22 million population.

Wickremesinghe, an opposition legislator, was made premier in May to try to lead the country out of its economic crisis -- the sixth time he has been appointed to the post.

Sri Lanka defaulted on its $51 billion foreign debt in April and is in talks with the IMF for a possible bailout.

The island has nearly exhausted its already scarce supplies of petrol. The government has ordered the closure of non-essential offices and schools to reduce commuting and save fuel.