DOT Desk: Biman Bangladesh Airlines, the national flag carrier, has pleaded for converting its Tk 25 billion debt to the government into equity and waiving another Tk 27 billion it owes to two state entities, officials have said, reports The Financial Express.
Biman made the appeal in a letter sent to the civil aviation ministry last month. The ministry has recently forwarded the same to the finance ministry for taking necessary steps. According to officials, Biman owes Tk 14.49 billion to Padma Oil Company Ltd in arrear fuel oil bills and Tk 10.47 billion to Civil Aviation Authority of Bangladesh (CAAB). Also Biman owes Tk 6.58 billion to Padma Oil Company Ltd as interest on unpaid bills and Tk 19.93 billion to CAAB as surcharge.
According to the letter written by Biman chief executive officer (CEO) Mokabbir Hossain, a committee of Bangladesh Petroleum Corporation (BPC) has recommended that Biman’s dues to Padma Oil could be paid by the finance ministry through book adjustment. He also wrote that Biman has reservations about CAAB’s imposition of surcharge on the national flag carrier’s unpaid bills.