Biman seeks aircraft lease consultancy firm

Biman Bangladesh Airlines has invited proposals from internationally reputed consultancy firms to support its aircraft leasing activities throughout the full lease lifecycle.

The national carrier is seeking expert assistance in aircraft search and valuation, lease negotiation support, technical assessments, lease monitoring and compliance, and redelivery management.

Interested firms may submit clarification requests by June 15. Technical and financial proposals must be submitted separately by 12:00pm on June 28, as specified in the official RFP document.

The move marks a significant shift for Biman, which has long handled its leasing arrangements independently. The lack of specialised expertise led to considerable challenges, including unfavourable lease terms and complications in fleet management.

Aviation experts say hiring a dedicated consultancy firm will help the airline reduce costs, strengthen its negotiating position and streamline the leasing process, potentially securing more competitive lease rates.

The airline is also expected to benefit from access to higher-quality aircraft available on the global leasing market, which could accelerate and improve fleet modernisation efforts.

Additionally, expert oversight in technical assessments and redelivery management will help Biman minimise costly disputes and exposure to penalties that frequently arise at the conclusion of lease agreements.

The multi-year engagement with Bangladesh's flag carrier represents a notable opportunity for international firms with established expertise in commercial aviation lease advisory services.