Biman in acute crisis
Biman, the national carrier of Bangladesh is as usually reeling in acute financial crisis. Compounded by lack of proper planning, incompetence, mismanagement, rampant corruption in all levels, excessive manpower and a dearth of transparency in all kinds of purchasing, maintenance costs followed by the lack of viable commercial route planning etc. Biman initially was salvaged by the government before going to bankruptcy when it was turned to a public company. And a ray of hope was glistening when Biman made profit during the first and second year of its becoming a company. We all became happy that finally Biman would get rid of the stigma of a loss making concern. But unfortunately, after two years of operation, Biman again went back to its same old fold as a loss making company. It seems that Biman and loss have become synonymous. A comparison has been highlighted by some leading newspapers which show a colossal difference between debit and credit of Biman. We feel that it is about time that government should appoint a qualified foreign audit company who will audit Biman thoroughly and impartially and submit the report to the concerned ministry in order to alleviate Biman from the brink of disaster.
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