Biman-a lost case?

Only a few days ago a financial report said that Biman had incurred a loss of about Tk 2 billion on non-profitable roots last year with further clamour to shut it down or privatise it.

I am sure most of these critics would consider British Airways to be a top class successful airline which completely satisfies the travellers, makes regular profits and pays regular dividends to its shareholders. So it must come as a shock to them to learn in today's business news that there is a 2 billion pound ( or greater) hole in BA's pension funds which is about 125 times more than the loss Biman made on unprofitable routes last year. Because of this pension hole some apparently profitable and reputable airlines like Emirates have declined merger with it or taking it over. Many airlines funded by oil rich states are highly reputed and seen to be profitable, however their full accounts of debts, liabilities and assets are never made public. It is very easy to show and sustain a successful front by unfair, negligent or weighted practices and creative accounting until the bubble bursts as the Maxwell Corporation, BCCI, Equitable Life, Enron etc have recently shown.

Biman has the credit to be transparent with its losses for most of which the political routes are at fault i.e. the government itself.

Therefore I say to all including the government to give Biman a fair wind and support in this cutthroat business.