Biman From Bangladesh, joined Sep 2006, 136 posts, RR: 0 Posted (5 years 4 months 3 weeks 2 days 20 hours ago) and read 7207 times:
The directors have decreed it ...now it will go through the paper signing circus of Bangladesh ... Biman might then lease a 747 for a year. No further news of their buying 777s or 787s ...
Due to lack of functioning aircraft, they've reduced flights to Kuwait, Jeddah, Riyadh, Rome and London - which represent 5 of the profit making destinations. Flights to 7 international destinations have been cut: New York, Yangon, Mumbai, Frankfurt, Orly (Paris), Brussels and Manchester.
Really wonder if this airline will survive - there seems to be no one in their management who has a clue about how to run an airline.
G-CIVP From United Kingdom, joined Mar 2001, 1209 posts, RR: 10 Reply 4, posted (5 years 4 months 3 weeks 2 days 19 hours ago) and read 7112 times:
Vasu - I think the answer to your question comes from 'Biman' - the management don't seem to have a clue. From what I can tell, Biman have been sweating the assets for years. I've got photos of Biman DC-10 at LHR in 1990 before the digi boys came along! The 10's must be past it and the A310's not far behind.
The other answer is economic scarity; no doubt running an airline from this part of the world is difficult given the prevailing economic conditions and probably passenger demand is patchy and profitability up and down. Note, this is only a guessimate so don't hold me to it!
Kaitak From Ireland, joined Aug 1999, 11997 posts, RR: 36 Reply 9, posted (5 years 4 months 3 weeks 2 days 1 hour ago) and read 6259 times:
Quoting Biman (Thread starter): No further news of their buying 777s or 787s ...
It was reported on another site that Airbus is supposed to be putting in a conflicting bid to BG. I guess it would come down to the financing package available, because that seems to be the major obstacle.
Cloud4000 From United States of America, joined Dec 2003, 639 posts, RR: 0 Reply 10, posted (5 years 4 months 3 weeks 1 day 21 hours ago) and read 6085 times:
Hold it! I thought GMG got their aircraft from Air Atlanta. BG is getting one from the same source?
Biman From Bangladesh, joined Sep 2006, 136 posts, RR: 0 Reply 11, posted (5 years 4 months 3 weeks 1 day 19 hours ago) and read 5969 times:
Quoting Kaitak (Reply 9): It was reported on another site that Airbus is supposed to be putting in a conflicting bid to BG. I guess it would come down to the financing package available, because that seems to be the major obstacle.
I thought Biman were supposed to have something close to an agreement by the end of this month. All this delay speaks volume about the lack of competence in financing and decision making capacity of Biman's management ... and frankly makes one wonder if under-hand deals are going on. Although a good number of corrupt politicians are behind bars on charges of graft, I hear that there is a new breed growing from within the ruling "military" ...
In the mean time, passengers at the second major airport in Bangladesh - Chittagong - have been stranded for up to 37 hours for one flight and 21 hours for another ... because Biman doesn't have the planes to provide the service these people paid for.
I bet the idiotic Bangladeshi bureaucrats are sitting in their offices and twidling their thumbs ...
Cloud4000 From United States of America, joined Dec 2003, 639 posts, RR: 0 Reply 12, posted (5 years 4 months 3 weeks 1 day 2 hours ago) and read 5754 times:
Quoting Biman (Reply 11): I thought Biman were supposed to have something close to an agreement by the end of this month. All this delay speaks volume about the lack of competence in financing and decision making capacity of Biman's management ... and frankly makes one wonder if under-hand deals are going on. Although a good number of corrupt politicians are behind bars on charges of graft, I hear that there is a new breed growing from within the ruling "military" ...
In the mean time, passengers at the second major airport in Bangladesh - Chittagong - have been stranded for up to 37 hours for one flight and 21 hours for another ... because Biman doesn't have the planes to provide the service these people paid for.
I bet the idiotic Bangladeshi bureaucrats are sitting in their offices and twidling their thumbs ...
BG is in such dire financial straits that it has to rely on the government for financing because BG is technically insolvent; they're in arrears with everybody: employees; vendors; etc. No private entity in their right mind will loan them money, unless it is backed by the government.
And the government has no intention of giving money to BG either. So BG is stuck. What the government needs to do, in my opinion, is liquidate BG and get out of the airline business all together. There are plenty of private operators who can quickly pick up the slack. In the interim, Bangladesh should be declared an open to all comers and goers. This should relieve the backlog of stranded passengers. I can see service expanding in Dhaka, Chittagong, and Sylhet.
It would also be nice if Bangladesh developed some international air service in the Northwest and Southwest part (Barisal & Khulna) of the country as well. I believe a lot of their growth will be regional.
B742 From UK - England, joined Mar 2005, 3760 posts, RR: 21 Reply 13, posted (5 years 4 months 3 weeks 1 day 1 hour ago) and read 5702 times:
Biman will lease TF-AMK from Air Atlanta Iceland for a period of 12 months. It is an ex. Singapore Airlines machine and has previously operated for XL Airways, WTC, Ansett Australia and was previously operated as F-GSEX of Corsair.
The aircraft is equiped with JT9D-7R4G2 engines and first flew in 1983.
Cloud4000 From United States of America, joined Dec 2003, 639 posts, RR: 0 Reply 14, posted (5 years 4 months 3 weeks 23 hours ago) and read 5589 times:
Quoting B742 (Reply 13): Biman will lease TF-AMK from Air Atlanta Iceland for a period of 12 months. It is an ex. Singapore Airlines machine and has previously operated for XL Airways, WTC, Ansett Australia and was previously operated as F-GSEX of Corsair.
The aircraft is equiped with JT9D-7R4G2 engines and first flew in 1983.
This is classic Biman. BG has a lot of experience leasing over-the-hill aircraft. Sure, they probably got a good lease rate, but the fuel and maintenance costs are going to kill them. Bravo, BG! Bravo!
Planemannyc From United States of America, joined Aug 2003, 990 posts, RR: 9 Reply 16, posted (5 years 4 months 3 weeks 6 hours ago) and read 5400 times:
Quoting B742 (Reply 13): Biman will lease TF-AMK from Air Atlanta Iceland for a period of 12 months. It is an ex. Singapore Airlines machine and has previously operated for XL Airways, WTC, Ansett Australia and was previously operated as F-GSEX of Corsair.
The aircraft is equipped with JT9D-7R4G2 engines and first flew in 1983.
Not according to Cabot Aviation, an aircraft leasing / remarketing agency in the uK.
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