Bangladeshi carrier Biman is seeking a strategic partner preferably based in the Gulf or in Southeast Asia, which would be open to strategic partnership when it is privatised in around two-and-a-half years. Biman has recently got approval of the Bangladeshi government to launch its initial public offer (IPO), where the Government of Bangladesh will retain a majority share despite the strategic partnership. Biman has cut its losses by $50 million in the last financial year, according to the airline. In 2011-12, the carrier lost $75 million, while in 2012-13 this had to around $25 million. The aim is to bring

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In