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Biman To Be Privatised  
User currently offlineBiman From Bangladesh, joined Sep 2006, 136 posts, RR: 0
Posted (6 years 11 months 3 days 12 hours ago) and read 1997 times:

Bangladesh government has decided in principle to float Biman Bangladesh Airlines, wholly state owned enterprise, into a public limited company. They have agreed to slash the number of employees by 50% from some 6,800 for only 13 aircrafts (a number of which are not even in service). It has some 14 trade unions and is regarded as a den of corruption.

"Biman, incorporated on January 4, 1972, is making losses of around Tk 4,000 to Tk 5,000 crore every year due to corruption and inefficiency." (Exchange rate: US$1 = BD Tk 60)

http://www.newagebd.com/2007/may/20/front.html#4

11 replies: All unread, jump to last
 
User currently offlinePPVRA From Brazil, joined Nov 2004, 8875 posts, RR: 40
Reply 1, posted (6 years 11 months 3 days 11 hours ago) and read 1973 times:

That's good to hear. A growing economy like Bangladesh needs an efficient airline that can also contribute to the economy.

Hopefully they will find good owners and a good management team.



"If goods do not cross borders, soldiers will" - Frederic Bastiat
User currently offlineReality From United States of America, joined Apr 2007, 443 posts, RR: 0
Reply 2, posted (6 years 11 months 3 days 11 hours ago) and read 1945 times:

Wouldn't it just be better to start up a new airline from scratch?

User currently offlineAirbuscanada From Canada, joined Nov 2004, 312 posts, RR: 0
Reply 3, posted (6 years 11 months 3 days 8 hours ago) and read 1896 times:

Quoting Reality (Reply 2):

form a branding point of view, that would make perfect sense.


User currently offlineBOACVC10 From United States of America, joined Jul 2006, 587 posts, RR: 0
Reply 4, posted (6 years 11 months 2 days 19 hours ago) and read 1729 times:

Quoting Biman (Thread starter):
into a public limited company

I notice the original poster used a term ".. to be privatised". But in the context of Bangladesh politics, reality, Biman should *only* be a public limited company, hence the title of the thread may be misleading. It was *never* public, where anyone else than the Gov't of Bangladesh had any shares of this "private limited company". I do support it being turned into a FOR profit, PUBLIC LIMITED company... However

It is very common to have the public share auctions of IPO companies often corrupted by third parties with vested interests, who rig the distribution/selection of the IPO to favor their own shareholder blocks. The share distribution process is rarely done in public and through independently verifiable process - and this issue has come up before with significant scandals involving Banks, Public sector manufacturing industries etc.

I know the tradition of Biman needs to live on, but it would be much better to complete deregulation of the civil aviation industry than keep on flogging this dead horse.

BOACVC10



Up, up and Away!
User currently onlineMaverickM11 From United States of America, joined Apr 2000, 16934 posts, RR: 48
Reply 5, posted (6 years 11 months 2 days 19 hours ago) and read 1710 times:

Quoting Biman (Thread starter):
It has some 14 trade unions and is regarded as a den of corruption.



Quoting Biman (Thread starter):
Wouldn't it just be better to start up a new airline from scratch?

To me it seems more sensible to start over anew rather than follow the Biman-Alitalia model of airline success. If I were the Bangladeshi government I would be on my knees begging Tony Fernandez or Emirates or Singapore to start something--anything--decent.



E pur si muove -Galileo
User currently offlineCchan From New Zealand, joined May 2003, 1753 posts, RR: 2
Reply 6, posted (6 years 11 months 2 days 5 hours ago) and read 1622 times:

If Biman can't come up with the money to replace their old aircrafts, pay off debts and do proper repairs, starting from scratch is the only option.

User currently offlineReality From United States of America, joined Apr 2007, 443 posts, RR: 0
Reply 7, posted (6 years 11 months 2 days 1 hour ago) and read 1569 times:

An interesting fact I just read in an article about Skybus.....

• Most airlines employ 60 or 70 employees per airplane. By maximizing automation and outsourcing numerous tasks, Skybus needs only 30 to 35 employees per airplane (plus all Skybus employees have an equity stake in the company, giving them a vested interest in maximizing productivity).

.....so I'm not sure if bringing the number of employees at Biman down from 600 per plane to 300 per plane will help much.


User currently offlineLH526 From Germany, joined Aug 2000, 2327 posts, RR: 14
Reply 8, posted (6 years 11 months 2 days 1 hour ago) and read 1553 times:
AIRLINERS.NET CREW
FORUM MODERATOR

Quoting Reality (Reply 2):
Wouldn't it just be better to start up a new airline from scratch?



Quoting Airbuscanada (Reply 3):
form a branding point of view, that would make perfect sense.

 yes  Truer words have rarely been spoken!  thumbsup 

Mario
LH526



Trittst im Morgenrot daher, seh ich dich im Strahlenmeer ...
User currently offlineHamlet69 From United States of America, joined Mar 2000, 2703 posts, RR: 58
Reply 9, posted (6 years 11 months 1 day 23 hours ago) and read 1525 times:

Quoting Reality (Reply 2):
Wouldn't it just be better to start up a new airline from scratch?

What is the current (updated) status of this venture?:

http://www.royalbengalairline.com/belief


Anyone?


Regards,

Hamlet69  profile 



Honor the warriors, not the war.
User currently offlineSKY1 From Spain, joined Apr 2006, 879 posts, RR: 4
Reply 10, posted (6 years 11 months 1 day 15 hours ago) and read 1468 times:

Are not Royal Bengal Airlines and Biman different carriers?


Time flies! Enjoy life!
User currently offlineHamlet69 From United States of America, joined Mar 2000, 2703 posts, RR: 58
Reply 11, posted (6 years 11 months 1 day 14 hours ago) and read 1454 times:

Quoting SKY1 (Reply 10):
Are not Royal Bengal Airlines and Biman different carriers?

Yes they are. Biman is the state-owned national carrier. Royal Bengal is a venture being set up in the UK by expatriates to operate both international flights between the UK and Dhaka, as well as domestic Bangladesh routes. According to their site, they've recently acquired their first two aircraft (looks to be BAe's from the picture) to start domestic operations. However, it also appears they are still looking for considerable investment capital, so I was wondering if there was anyone closer to the situation that had a good read on where Royal Bengal stands? How is the government responding to this entrant?


Regards,

Hamlet69  profile 



Honor the warriors, not the war.
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