City
Epaper

Biman B'desh suffers losses over leased Boeings

By IANS | Updated: October 5, 2020 12:10 IST

Dhaka, Oct 5 Biman Bangladesh has suffered losses worth Tk 11 billion ($129 million) over two Boeing 777-200 ...

Open in App

Dhaka, Oct 5 Biman Bangladesh has suffered losses worth Tk 11 billion ($129 million) over two Boeing 777-200 aircraft leased from Egypt five years ago, according to the Ministry of Civil Aviation and Tourism.

This was revealed on Sunday in a meeting document of the Ministry's parliamentary committee, reports bdnews24.

The meeting held last month heard that the revenue made from the two aircraft totalled Tk 22 billion against expenditures running up to Tk 33 billion.

For these planes, the flag carrier had been giving subsidies of Tk 110 million per month before completing the payment in March.

In the meeting, Md Mohibul Haque, senior secretary to the Ministry, said the airline was keen to put a halt on leasing jets and that three new aircraft were expected to arrive this year.

Among them, two would be added to Biman's fleet this year and the other would join the fleet next year. Each of these aircraft cost $24 million, Mohibul added.

The committee had previously expressed its reservations about leasing the two aircraft, which the Biman leased from Egypt Air on a five-year term, bdnews24 reported.

One of the planes was put in Biman operations in March 2014 while the other was incorporated to the fleet two months later.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Biman Bangladesh AirlinesboeingdhakaEgypt
Open in App

Related Stories

InternationalDhaka Plane Crash Death Toll Rises to 25; Deadliest Accident Since 1984 in Bangladesh

InternationalBangladesh Plane Crash: 19 Dead, Over 100 Injured as Air Force Jet Crashes Into Milestone College Campus in Dhaka (Watch Video)

NationalBoeing Issues Statement on Air India Crash Report, Says 'Continue to Support Investigation'

MumbaiBangladeshi Woman Posing as Indian Held at Mumbai Airport After Daughter Reveals Truth

NationalAhmedabad Plane Crash: DGCA Orders Safety Inspection on Boeing 787-8/9 Fleet of Air India

International Realted Stories

InternationalPM Modi welcomes Philippines President Marcos at Hyderabad House; discussions set to strengthen bilateral relations

InternationalPhilippines President, PM Modi's discussions aimed at cementing friendship between nations: MEA

InternationalPhilippines President holds talks with PM Modi at Hyderabad House

InternationalPhilippines President pays tribute to Mahatma Gandhi at Raj Ghat

InternationalBangladesh: Local govt advisor's connection surfaces in Muradnagar triple murder case