DHAKA, Apr. 25 (AFP) – Cash-strapped national carrier Biman Bangladesh Airlines is looking for a strategic partner to revive its financial fortunes, a minister said Tuesday. “We are seriously looking for strategic partners so that we can share management and aircraft with a reputed airline to make Biman a profitable corporation,” junior civil aviation minister Mirza Fakhrul Islam Alamgir told AFP.
“We’ve seen Sri Lanka airlines are doing fine following its partnership with Emirates. We think we can also have a strategic partner like Sri Lankan because we have a very good market,” Alamgir said.
SriLankan airlines is partly owned and fully managed by Dubai-based Emirates Airlines.
SriLankan, previously known as Air Lanka, posted a 10 million dollar loss in the financial year ending March 2005 because of higher oil prices and the Asian tsunami.
However its 56 million dollar profit for the financial year ending March 2004 was the first ever profit recorded since the carrier’s 1979 launch.
State-run Biman incurred a loss of around 41 million dollars last year as fuel costs soared and two accidents that saw a DC-10 and Fokker F-28 written off.