Managing Biman

Regarding Biman's cash position the least said the better. Their Board of Director's grandiose plans to purchase eight new aircrafts is a "pie in the sky". Biman today even cannot pay for the fuel needed for flying. It has cut down on its flights, because of uneconomic load factor, may be saddled on them by government pressure, rather than commercial reality. They fly to New York, not because commercially it is justified; but as newspaper report says, the high-ups want it.

Biman in true sense is not a commercial entity. It is an extended stepchild of the Ministry of Aviation. Its plans are based on subjective ideas and choice; with no correlation to profitability or cash flow. In reality the airline is operationally and financially bankrupt. After all is said and done; directly or indirectly the government manages it; in their "seal of the pants" style. May be it is their expensive hobby, paid for by the unwary taxpayers!