BANGLADESH NEWS
Biman Bangladesh Airlines is adding two new aircraft to its fleet to battle its way out of flight schedule chaos.
The aircraft, two Boeing 777-300 ERs, will be bought on Sonali Bank UK and a consortium of 21 banks led by Eastern Bank Limited.
Representatives of the banks took the decision in a meeting at Bangladesh Bank on Thursday, Eastern Bank Limited Managing Director Ali Reza Iftekhar said. Deputy Governor of the central bank S K Shur Chowdhury presided over the meeting.
Biman will have to make a $118-million pre-delivery payment within Nov 15.
Sonali Bank UK is paying $58 million while the other banks led by the Eastern Bank Limited will pay the rest of the pre-delivery payment.
"We've decided to finance the purchase of aircraft by Biman. It will be given $ 60 million within the second week of this month," Iftekhar said.
Biman had been given loans to buy aircraft and it had repaid properly earlier, he added.
A top Biman official, requesting anonymity, said, "The meeting discussed the size and type of loans from Bangladeshi and foreign banks."
Biman Managing Director Mosaddek Alam was also present at the meeting.
Biman flies on four domestic and 18 international routes
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