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Biman Plans to Lease 10 Aircraft by 2027, Says Millat

Biman Plans to Lease 10 Aircraft by 2027 to Expand International Operations
Biman Bangladesh Airlines has announced plans to lease up to 10 aircraft by 2027 as part of a strategic effort to expand its international network and address current capacity shortfalls. This initiative is intended to bridge the gap until the arrival of 14 newly ordered Boeing aircraft, which are scheduled for delivery beginning in 2031.
State Minister for Civil Aviation and Tourism, M Rashiduzzaman Millat, revealed on Sunday that the national carrier aims to secure these leased aircraft within the current year. He explained that the initial plan involves leasing three aircraft, with the potential to increase this number depending on operational requirements and the airline’s broader route expansion strategy. If fully implemented, this plan would increase Biman’s fleet from 19 to as many as 29 aircraft by 2027, representing a 52.6 percent growth and marking one of the most significant short-term expansions in the airline’s history.
Navigating a Competitive Global Aviation Market
Biman’s leasing ambitions come amid intensifying competition in the global aviation sector, where many major carriers are simultaneously pursuing fleet renewal and expansion. This heightened demand for leased aircraft could affect both availability and leasing costs. For instance, United Airlines plans to retire 80 older planes and expects to receive its first Boeing 737 Max 10 in 2027, a development likely to influence market dynamics. Similarly, WestJet has already leased its first Boeing 737 Max 10, reflecting a broader industry trend toward securing next-generation aircraft through leasing agreements.
These factors underscore the challenging environment Biman faces as it seeks to augment its fleet. The global demand for leased aircraft is rising, requiring the airline to carefully navigate market conditions to realize its expansion objectives.
Despite these challenges, Biman’s leadership remains confident that the planned fleet growth will enhance the airline’s ability to increase flight frequencies on existing international routes and explore new destinations, effectively positioning the carrier for growth ahead of the new Boeing deliveries in the early 2030s.

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