DHAKA: Biman Bangladesh Airlines, a state run airline of the country, will strictly implement the cost curtail policy from beginning of the New Year as the national flag carrier faces a severe financial crisis.
Board of directors of Biman, highest policy making body of the organization, made the decision Saturday at a meeting at Balaka, head office of Biman, with Chairman Air Marshal (retd) Jamaluddin Ahmed in the chair.
Biman took an initiative to curtail expenditure in July current year but it was not implemented properly, said a competent source.
That’s why the board of directors gave a direction to all departments of the airlines to strictly maintain the decision.
To recovery huge loss, the state run airlines decided to discontinue over time bill, reduce transport cost, hotel expenditure, irregularity and corruption. If it is need, authority will slice employers.
Biman has remained in the red for the last three and a half years after it had accumulated Tk 510 crore in cash reserves in February 2008.
Biman’s earnings from ticket sales fell by over Tk 100 crore between January 17 and April 30 this year.
Recently, Biman has taken loan over Tk 20 crore to pay monthly salary of employers while London office is in debt of over Tk 49 crore to different airports and organizations.
In 2007, the national flag carrier cut off around two thousand employees. After that it turned into a profitable organization.
In the recent past, Biman revolved into the same position due to irregularities, corruption and mismanagement.
BDST: 1720 HRS, DEC 31, 2011
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