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Offer to buy Airbus is not financially viable
Rtv news
29 May 2024, 14:27
Photo: REUTERS
European aviation giant Airbus' proposal to sell two A350-900 passenger planes is not financially viable for Biman Bangladesh Airlines as its net cash flow is negative over the next 25 years compared to capital investment.
According to a report, the total investment for the two aircraft will exceed 1 billion dollars, equivalent to 12,000 crore at current exchange rates.
A report prepared by the national flag carrier's Techno-Financial Evaluation Committee that a total of 900 million dollars will be paid for the two aircraft by June 2027, which is 18.6% higher than Airbus' 763.75 million dollars as of January 1, 2023. Buying two Airbus A350 planes will result in huge losses.
In addition, Biman Bangladesh will have to pay a 10 million dollars non-refundable commitment fee at the time of signing the MoU. In addition, an initial investment of 126 million dollars is expected to be required for various equipment such as spare engines, parts, tools, equipment supplies and crew training.
Thus, the total investment for the two aircraft will exceed 1 billion dollars, which equates to 12,000 crore at current exchange rates.
According to the Appraisal Committee, this huge capital investment will generate negative cash flow over the next 25 years based on Biman's operating plan, due to lower revenue generation, lower yield.
As the project is not financially viable, the airline may not consider purchasing two new A350-900 passenger aircraft, according to the Airbus reporting committe.
However, the report noted, alternative financing at an interest rate of less than 1% and changes in route, frequency and fleet size could make the project feasible.
The evaluation report said that while the A350 is popular among the world's leading airlines, Biman Bangladesh Airlines will face challenges in crew management, engineering training, logistics, pre-flight inspections and supply of spare parts and equipment while introducing the aircraft to its fleet.
The report also says that the Management must consider very carefully before taking the final decision.
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PDB cuts power production by half as cyclone Remal batters
Bangladesh Power Development Board (PDB) cut electricity generation at least half of its usual production.
PDB has switched off many power plants in the coastal areas as a safety measure as Cyclone Remal hits Bangladesh.
As a result more than 10,000 mobile towers or Base Transceiver Stations (BTS) are unable to serve the power. This has affected the mobile and internet usage of millions of people in the southern districts of the country.
Residence in Barguna, Barisal, Patuakhali, Noakhali, Chattogram, Khulna and several other districts have been affected.
Chief Corporate and Regulatory Officer of Robi, Shahed Alam said, 'This situation has been created due to the long power outage. We are trying to start some towers with portable generators. '
Shameem Hasan, the spokesperson of PDB said, 'As the cyclone hits, many electric poles have been damaged in Khulna and Barisal regions. The situation is same across the country. The power supply will resume after repairing the damages.'
According to the PDB data, currently, they are producing around 5,000 megawatts of electricity.
However, the Power cuts started last midnight across the country.
Railway Minister announced sale date of advance train ticket for Eid
Railway Minister Md. Zillul Hakim announced the date of advance ticket sale of Eid-ul-Adha train.
He made the announcement at a press conference held at the Railway Bhaban on Tuesday (May 28).
Minister Hakim said that the advance sale of railway tickets will start from June 2 and continue until June 6. All ticket sales will be conducted exclusively at online to streamline the process and ensure a smooth transaction experience for passengers.
The Railway Minister said that the sale of return tickets will start from June 10. This time 10 pairs of Eid special trains will run for passengers.
He said that tickets for June 12 will be available on June 2, June 13 will be available on June 3, June 14 will be available on June 4, June 15 will be available on June 5 and June 16 will be available on June 6.
Zillul Hakim also said that the return tickets for June 20 will be available on June 10, June 21 will be available on June 11, June 22 will be available on June 12, June 23 will be available on June 13 and June 24 will be available on June 14.
To accommodate the increased travel demand, 10 pairs of Eid special trains will be operated for passengers. The ticket sale for the western region will commence daily at 8 a.m., while the eastern region's ticket sale will start at 2 p.m.
The minister said that the 'Cattle Express' will operate from June 12 to 14 in the Western region for transporting sacrificial animals. And in the Eastern region, 'Cattle Express' will operate from June 12 and 13.
BSEC orders to freeze BO accounts of Benazir including wife, daughters
Capital market regulator Bangladesh Securities and Exchange Commission (BSEC) has ordered to freeze BO accounts of former Inspector General of Police (IGP) Benazir Ahmed and his family members.
The order was issued on Monday (May 27) in the name of Benazir Ahmed and his wife Zeeshan Mirza, eldest daughter Farhin Rishta binte Benazir and younger daughter Tahsin Raisa bint Benazir.
According to the instructions of BSEC in this regard, no transaction can be done as these BOs while they are blocked. That is, shares cannot be traded and money cannot be deposited or withdrawn from these BO accounts.
According to relevant sources of BSEC, Benazir Ahmed and his family members have six BO accounts in the stock market.
According to the BSEC directive, in view of the relevant order of the Metropolitan Senior Special Judge Court, six BO accounts in five brokerage houses have been ordered to be frozen until further orders.
Earlier on May 23 and 26, in view of the Anti-Corruption Commission (ACC) application, the court of Dhaka Metropolitan Senior Special Judge Mohammad Assamach Jaglul Hossain ordered the seizure (croc) of various property documents, flats and shares of the company in the name of Benazir Ahmed, his wife and children.
On May 26, the court ordered attachment of 119 immovable properties in the name of former police chief Benazir Ahmed, his wife and daughter. These include 4 flats in Gulshan, a plot of land in Savar, The remaining 114 properties are in Madaripur district. Earlier, on May 23, 83 purchased properties were encroached. Also, 33 bank accounts and their securities (shares) were blocked.
Earthquake jolts Dhaka, different parts of country
A mild magnitude earthquake was felt in different parts of the country including the capital Dhaka. Initially, the magnitude of the earthquake and its epicenter were not known.
The earthquake was felt at 7:17 pm on Wednesday (May 29).
A moderate earthquake has shaken different parts of the country including the capital Dhaka. The epicenter of the earthquake was the northwestern part of Myanmar. Its magnitude was 5.4 on the Richter scale.
According to the United States Geological Survey (USGS), the epicenter of the earthquake hit 31 kilometers east-southeast of Myanmar's Mawlaik district at 7:14 pm on Wednesday (May 29). It's center was 110 kilometers deep in the earth's surface.
Many residents of the capital posted on social media, including Facebook, about feeling the earthquake. No casualties have been reported in the earthquake so far.
Apart from Dhaka, the earthquake felt in different parts of the country including Chattogram, Sylhet.
Results of the 3rd phrase upazila polls
The third phase of the sixth upazila parishad polls held in 87 upazilas across the country on Wednesday (May 29).
The voting began at 8:00 am and ended at 4:00 pm.
During the voting, there were various irregularities including fake votes, expulsion of agents, but no major untoward incident was reported.
The list of elected chairmans in 87 upazilas:
Bogura: District Jubo League President Shubhashish Poddar Liton has been elected chairman of Bogra sadar upazila parishad.
Rangamati: The third phase of Langadu and Naniarchar upazila parishad elections in Rangamati was held. Langadu upazila Awami League general secretary, Babul Das Babu elected as chairman.
On the other hand, Amar Jiban Chakma elected unofficially after receiving 6,159 votes in all 14 polling centers in Naniarchar.
Satkhira: Mashiur Rahman Babu and Aminul Islam Laltu have been elected unofficially as chairman of Satkhira Sadar and Kalaroa upazila parishads. The results were announced unofficially from their respective upazila returning offices.
Moulvibazar: Imtiaz Ahmed Bulbul unofficially elected from Kamalganj upazila parishad election securing 46,640 votes.
On the other hand, Bhanulal Roy unofficially won the post of upazila chairman in 87 centers of Sreemangal upazila receiving 42 thousand 669 votes.
Narsingdi: Ferdousi Islam unofficially elected from Shibpur upazila securing 47,786 votes.
More to follow....
Recovered pieces of flesh belonged to MP Anar: DB chief
The flesh recovered from the septic tank in Kolkata are believed to the flesh of MP Anwarul Azim Anar, According to Dhaka Metropolitan Detective (DB) Police Chief Additional Police Commissioner Mohammad Harun Or Rashid.
He said that the investigation of Anar's murder has progressed a lot due to the recovery of evidence and the collection of surrounding digital data. It can be confirmed only after getting the forensic report.
He said these things while talking to reporters at the Hazrat Shahjalal International Airport after landing in Bangladesh from Kolkata after the investigation into the murder of Jhenaidah-4 Constituency Member of Parliament Anwarul Azim Anna on Thursday (May 30) afternoon.
Harun Or Rashid said that Anwarul Azim Anar was killed on the ground of Kolkata on May 13. A case has been filed in Bangladesh in this incident. A murder case has also been registered in Kolkata in the same incident. We have already arrested three murderers. Among them, the main killer is Amanullah alias Shimul Bhuiyan. The murder was planned in Bangladesh and the murder was organized in Kolkata. We went to Kolkata to investigate the case. We went there to verify the information given to us by the arrested accused and to see the evidences at the spot.
RAB ASP Uttam Kumar banned from leaving Bangladesh
RAB Additional Superintendent of Police Uttam Kumar Biswas has been banned from leaving the country by the court.
Dhaka Metropolitan Senior Special Judge Mohammad Assamach Jaglul Hossain issued the order on Thursday (May 30).
It is learned that investigating officer and ACC Assistant Director Ruhul Haque applied for ban on emigration on behalf of the agency during the preliminary investigation of the case. After the hearing, the court ordered Uttam Kumar Biswas to be banned from leaving the country.
The petition states that a report has been issued in the name of Uttam Kumar Biswas and his wife, and an investigation has been initiated against Uttam Kumar regarding the allegations of acquiring assets beyond known income through various irregularities and corruption, which is still ongoing. Immediately after receiving the ACC notice, he withdrawing all money from numerous accounts and closing the accounts, which is suspicious. He has not cooperated in any way since the beginning of the investigation, but has been wasting time and trying to disrupt the investigation by providing false and misleading information at various times.
It also mentioned that during the investigation, Uttam Kumar planned to close all accounts and leave the country. There are fears that the search work may be hampered if he flees abroad. For this, he needs to be banned from traveling abroad.
On this day, ACC lawyer Mahmud Hossain Jahangir asked the court whether Uttam Kumar is still working or not. Later the court was informed that Uttam Kumar was still working. Then the court ordered him not to leave the country.
