J.P. Morgan to provide loan facility to Biman Bangladesh Airlines

Biman Bangladesh Airlines will use J.P. Morgan’s $277 million loan to purchase two new aircraft.

Biman Bangladesh Airlines has received a $277 million loan facility from J.P. Morgan, guaranteed by the Export-Import Bank of the United States, to support its long-term expansion plans. The airline, which is wholly owned by the government of Bangladesh, will use the loan to buy two new Boeing aircraft to service its expanding domestic and international route network.

“Following the launch of our representative office in October last year, we have focused on providing our Bangladesh clients with even greater access to J.P. Morgan’s comprehensive suite of global solutions,” said Sazzad Anam, head of financial institutions for Bangladesh at J.P. Morgan treasury services, in a statement. “We look forward...

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