Bangladesh's GMG plans $900 million Boeing plane purchase

Mon Mar 24, 2008 9:51am EDT
 
[-] Text [+]

DHAKA (Reuters) - Bangladesh's privately-owned GMG Airlines expects to complete a deal with plane maker Boeing (BA.N) to buy six new aircraft worth more than $900 million in the next few months, GMG's chairman said on Monday.

Boeing had offered to supply three 777-300ER and three 787-9 Dreamliners to GMG, from 2012 to 2017.

"We have decided to accept the offer and hope a final agreement will be signed by the end of June or early July," Abdus Sattar, chairman of GMG Airlines, told Reuters.

Boeing also recently won a $1.265 billion deal to supply eight aircraft to the national carrier Biman Bangladesh Airlines Ltd,

GMG Airlines started its international operations in 2004 and currently flies from Dhaka to Kolkata, Delhi, Kathmandu, Bangkok, Kuala Lumpur and Dubai with a fleet of seven aircraft.

It started domestic operations in 1998 and is one of five Bangladeshi carriers competing for an increasing number of domestic and regional travelers.

Bangladesh and India have recently agreed to increase flight frequencies between the two countries.

(Reporting by Masud Karim, Writing by Nizam Ahmed; Editing by Lincoln Feast)

 
Trading specialists work on the floor of the New York Stock Exchange trading shares of Goldman Sachs, in New York, April 14, 2009.
Was Goldman's trading software stolen?

A Russian immigrant is held on federal charges of stealing computer codes that generate millions of dollars in stock and commodity trading revenues. According to sources the firm is Wall Street behemoth Goldman Sachs  Blog | Full Coverage 

Companies In This Article

Photo
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better