Biman Bangladesh Airlines aims to significantly reduce its FY08 losses

Biman announced (30-Jul-08) it expects its losses for the 12 months ended 30-Jun-08 to be six times lower than provisional estimates. Coming from a USD40 million net loss in its FY07, the carrier expects to narrow its losses to USD12 million for the FY08. [337 words]

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This report contains the following subheadings:

• Future plans to operate an all-Boeing fleet
• Acquires DC10-30 aircraft with three damaged engines