Bangladesh Biman
Introduction
Biman Bangladesh Airlines created in February 1972 using vintage aircraft, Biman enjoyed an internal monopoly in Bangladesh aviation industry until 1996. In the decades following its founding , the airline expended both its fleet and its horizon (at its peak Biman operated flights to 29 international destinations as far away as New York. John F. Kennedy International Airport ( New York City) in the west and Tokyo. Narita in east, but suffered heavily owing to mass corruption and frequent mishaps. The major reason behind airline’s huge financial loss and bad reputation for poor service and regular flight cancellation / delays its ageing fleet, with some of its long-haul aircraft banned for safety reasons by the aviation authority of the US and EU countries. Annual haaji flights, transporting non-resident Bangladeshi workers/ migrants as well as Biman’s subsidiaries, from an important part of carrier’s business. The rising oil price has created additional pressure on the airline, which is widely reported to have failed to meet its payment obligation to state-owned petroleum corporation,BPC. Biman has a two star ranking out of five by skytrax, a United Kingdom- based consultancy. Currently the carrier is facing stiff competition from a number of local private airlines as well as some international carriers, which offer greater reliability and service standards, targeting the country’s air transport sector which is experiencing 8% growth per annum owing to a large number of non-resident Bangladeshis.
After becoming a public limited company, Biman has trimmed the number of staff and turned its attention to modernizing the fleet. Biman struck a deal with US aircraft manufacturer Boeing for procurement of 10 new generation aircraft along with options/purchase rights for another 10. The carrier is also in the process of leasing some aircraft for the interim period to restart flights to some of the destinations in Asia, Europe and North America.
Biman Bangladesh Airlines created in February 1972 using vintage aircraft, Biman enjoyed an internal monopoly in Bangladesh aviation industry until 1996. In the decades following its founding , the airline expended both its fleet and its horizon (at its peak Biman operated flights to 29 international destinations as far away as New York. John F. Kennedy International Airport ( New York City) in the west and Tokyo. Narita in east, but suffered heavily owing to mass corruption and frequent mishaps. The major reason behind airline’s huge financial loss and bad reputation for poor service and regular flight cancellation / delays its ageing fleet, with some of its long-haul aircraft banned for safety reasons by the aviation authority of the US and EU countries. Annual haaji flights, transporting non-resident Bangladeshi workers/ migrants as well as Biman’s subsidiaries, from an important part of carrier’s business. The rising oil price has created additional pressure on the airline, which is widely reported to have failed to meet its payment obligation to state-owned petroleum corporation,BPC. Biman has a two star ranking out of five by skytrax, a United Kingdom- based consultancy. Currently the carrier is facing stiff competition from a number of local private airlines as well as some international carriers, which offer greater reliability and service standards, targeting the country’s air transport sector which is experiencing 8% growth per annum owing to a large number of non-resident Bangladeshis.
After becoming a public limited company, Biman has trimmed the number of staff and turned its attention to modernizing the fleet. Biman struck a deal with US aircraft manufacturer Boeing for procurement of 10 new generation aircraft along with options/purchase rights for another 10. The carrier is also in the process of leasing some aircraft for the interim period to restart flights to some of the destinations in Asia, Europe and North America.