Gulf airlines aim for 40 percent share of Bangladeshi carrier

Published December 7th, 2000 - 02:00 GMT

Two Gulf airlines, Qatar Airways and Gulf Air, the national carrier of Bahrain, Oman, Qatar and Abu Dhabi, are among four airlines in the running to buy to buy 40 percent stake in Biman Bangladesh Airlines, Bangladesh’s national airline, reported Gulf Daily News

 

The other airlines in the running are Singapore Airlines, Air New Zealand, all of which answered Biman’s call last looking for proposals from foreign airlines to become strategic partners. 

 

Under a partial privatization plan drawn up by the government of Bangladesh, the government will retain a 51 percent share of Biman, and 9 percent will be sold to the airline’s employees. The deadline for proposals was December 2, and it was expected that the sales process would be complete by the end of January. 

 

The government of Bangladesh expected to earn $40 million from the sale of Biman’s shares. 

 

Biman provides 102 flights a week to 20 international destination, as well as regular internal connection from Dhaka to the cities of Sylhet, Chittagong, Cox's Bazar, Rajshahi, Jessore, Barisal and Saidpur. – (Albawaba-MEBG) 

© 2000 Mena Report (www.menareport.com)


© 2000 - 2019 Al Bawaba (www.albawaba.com)

You may also like