Assessing Biman Bangladesh's Airbus A350 Purchase: In January this year, Biman found that it would be making massive losses if it bought two Airbus A350 planes. On April 22, a new appraisal committee took over the evaluation and, in only three days, concluded that it would be a profitable venture.
Biman is looking at a Tk 4,000 crore cash shortfall since it has agreed in principle to purchase two Airbus planes for Tk 8,000 crore, without a prior monetisation plan, a board meeting of the national flag carrier revealed.