Dhaka, Sept. 22 -- A high-stakes competition between American aerospace giant Boeing and European rival Airbus has intensified as both manufacturing powerhouses vie to supply aircraft to Biman Bangladesh Airlines, the state-owned flag carrier of Bangladesh.

Biman has already formalized an agreement with Boeing to purchase 14 aircraft at a cost of $3.7 billion (approximately Tk 454.08 million at an exchange rate of Tk 122.73 per dollar). Boeing is slated to deliver these aircraft in stages between 2031 and 2035.

Airline officials indicate that Biman is likely to procure an additional 11 aircraft from Boeing, bringing the total expected addition to 25 new planes by 2040. Biman currently operates a fleet of 19 aircraft, 14 of which are Boe...