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Biman Bangladesh Airlines aims to significantly reduce its FY08 losses

4-Sep-2008

Biman announced (30-Jul-08) it expects its losses for the 12 months ended 30-Jun-08 to be six times lower than provisional estimates. Coming from a USD40 million net loss in its FY07, the carrier expects to narrow its losses to USD12 million for the FY08. [337 words]

Unlock the following content in this report:

Subheadings:

  • Future plans to operate an all-Boeing fleet
  • Acquires DC10-30 aircraft with three damaged engines
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