Biman profit drops by Tk 48cr in FY16 on UK cargo ban

The profit of national flag carrier Biman Bangladesh Airlines in the financial year 2015-16 declined by Tk 48 crore compared with the previous fiscal year due to a ban on cargo carrier from Bangladesh imposed by the UK government and the high price of jet fuel in the country.

The UK government on March 8, 2016 imposed the indefinite ban on cargo flights alleging that the Hazrat Shahjalal International Airport had failed to comply with some international security requirements.

The net profit of Biman in the FY16 was amounted to Tk 276 crore while the amount was Tk 324 crore in the FY15, according to a press release of the national flag carrier.

According to the news release, Biman gained profit for second consecutive year as it gained confidence of passengers.

Cargo carrying by Biman in the FY16 decreased to 40,900 tonnes which was 7 per cent lower than the FY15. 

Biman carried as many as 23.18 lakh passengers in the FY16 while the number was 20.20 lakh in the FY15.

Besides own flights, the carrier handled as many as 18,628 flights of 26 foreign airlines at Hazrat Shahjalal International Airport in the FY16.

There were four brand new Boeing 777–300ER and two new Boeing 737–800 aircrafts in the Biman’s fleet. 

The carrier also took lease of two Boeing 777- 200 aircraft, two Boeing 777–800 and two Dash 8 aircraft for domestic operation.

Biman is going to introduce four new Boeing Dreamliner 787 aircraft in its fleet in 2018 and 2019.

It has taken an initiative to purchase ground support equipments worth Tk 100 crore to upgrade the quality of ground handling in the airport, said the press release signed by Biman general manager Shakil Meraj. 

source: Newage