The government will provide a sovereign guarantee to Biman Bangladesh Airlines to buy 14 aircraft from US planemaker Boeing, as the two sides are likely to sign a deal within this month, sources at the national flag carrier said.
The first aircraft from Boeing for Biman is scheduled for delivery in November 2031, with the remaining aircraft expected to arrive by October 2035, Boshra Islam, general manager of Biman, told the media yesterday.
A sovereign guarantee is a commitment by the state to cover the debt or financial obligations of another entity in the event of default, thereby reducing risk for lenders and improving access to financing for large or strategic investments.
“The government will give a sovereign guarantee to Biman to get the loan for buying aircraft from Boeing,” Boshra said.
Asked about financing, she said Biman will issue a request for proposal to get the loan. “We will get the loan from those organisations that will offer the lowest interest rate,” she added.
Biman has posted profits for five consecutive years. The state-owned carrier recorded a net profit of Tk 785 crore in the fiscal year 2024–25, a rise of 178 per cent from the previous year.
At its annual general meeting on December 30 last year, Biman decided in principle to purchase 14 aircraft from Boeing to expand its fleet and modernise operations. The meeting was chaired by Aviation Adviser Sk Bashir Uddin, who is also the chairman of the national carrier.
