Biman sustains Tk 200cr loss in FY 2017-18

Special Correspondent

11 March, 2019 12:00 AM printer

After making profits three years in a row, national flag carrier Biman Bangladesh Airlines incurred a loss of around Tk 200 crore in 2017-2018 fiscal.

“Biman’s expenditure was Tk 5133.11 crore against its income of Tk 4931.64 crore—-resulting in a loss of Tk 201.47 crore in 2017-2018 fiscal,” Civil aviation and tourism state minister Mahbub Ali told parliament while responding to a question of lawmaker Gazi Mohammad Shahnewaz from Habigabnj-1 constituency.

The question-answer session stipulated for the ministers was tabled in the House with Speaker Shirin Sharmin Chaudhury in the chair.

Presenting a year-wise data on Biman’s revenue stream, the junior minister said the national flag carrier made profits in the last three fiscals. 

He said the Biman Bangladesh Airlines earned Tk 4,551.52 crore while spent Tk 4,504.77 crore in 2016-2017.

“The Biman Bangladesh Airlines booked a profit of Tk 46.76 crore in that year,” he said.

Biman earned Tk 4,965.53 crore against its expenditure of Tk 4,730.03 crore in 2015-2016 fiscal, bagging Tk 235.50 crore in profit. The Biman made the highest profit Tk 275.99 crore in 2014-2015 fiscal. It earned Tk 4,694.80 crore against its expenditure of Tk 4,418.81 crore in that year.

The state minister said new routes have been earmarked to make Biman a profitable concern.

“Biman will fly to Guangzhou, Medina, Colombo and Male in future,” he said, adding that plans had also been taken to increase the frequency of the profitable routes.

Responding to another question of lawmaker Abdul Latif, the junior minister said a G to G agreement was signed on August 1 in 2018 with Canada to add three Dash-8 Q 400 aircraft in Biman fleet.

The three aircraft will be operated in seven domestic routes—- Chattogram, Sylhet, Jessore, Rajshahi, Syedpur, Cox’s Bazar and Barishal and two regional routes—-Yangon and Kolkata, he added.