Dubai: Biman Bangladesh Airlines, the country’s flag carrier, is set to become profitable by 2015, after breaking even in the current fiscal year ending June 2014, a top official said.
The airline is also planning an initial public offering (IPO) in three years, after becoming profitable, when it will becomes a professionally run organisation, Air Marshal (Rtd) Jamaluddin Ahmad, Chairman of Biman, told Gulf News.
“There are proposals for offering shares and reserving quota for non-resident Bangladeshis (NRBs),” he said. “But these will be finalised before the airline goes public.”
The carrier, which operates daily flights to a number of Gulf destinations including Dubai, Abu Dhabi, Doha, Muscat, Jeddah, Dammam and Kuwait, is planning to strengthen operations in the Gulf Cooperation Council (GCC) with increased flights once the airline receives more aircraft, part of the firm order it placed with Boeing for 10 B777-300ER aircraft, two of which have joined the fleet while two more scheduled to join in the next six months when it will resume flights to Bahrain and New York. – Gulf News via Google News
