Dhaka – US aircraft manufacturer Boeing and state-owned Bangladesh airline Biman have signed a memorandum of understanding on the purchase of eight new aircraft to modernize the national flag carrier, officials said Sunday. Under the deal Boeing will supply four of the latest 777-300 ER aircraft to Biman by 2013 while four 787-8s will be ready for delivery in 2017.
This is the biggest aircraft purchase deal signed by the Bangladeshi airline since its founding in 1972 following the emergence of the South Asian country as an independent state, Biman’s chief executive officer M A Momen said.
The total purchase bill of the eight aircraft was expected to be 1.26 billion dollars and would be paid for out of the airline’s own resources.
The interim government turned the loss-making airline into a public limited company through an ordinance permitting it to mobilize funds to finance its expansion.
Under the deal signed with Boeing’s Regional Director Glen A Green, Biman will also have the right to procure four additional aircraft.