Bangla airline scouts for partner

New Delhi: Bangladesh’s beleaguered national carrier Biman is looking for a strategic partner from Southeast Asian and Gulf airlines.
Top officials of the airline said they were open to funding from Indian investors as well.
According to Biman officials, the airline could look at top Gulf-based or Southeast Asian carriers such as Cathay Pacific, Singapore International Airlines and Malaysian Airlines.
Kevin John Steele, recently appointed managing director and CEO of Biman Bangladesh, said the airline would be open to strategic partnership with anyone dependable when it was privatised in around two-and-a-half years.
Biman has recently got approval of the Bangladeshi government to launch its initial public offer (IPO). However, the Government of Bangladesh will retain a majority share, despite the strategic partnership and IPO, clarified officials.
Read news in full 02/10/13 Karan Choudhury/Telegraph