GMG Airlines to go public by November this year

Dhaka, Bangladesh (BBN)– GMG Airlines is set to go public by November this year, the company chairman said.

Chairman of the private carrier Shayan F Rahman made the disclosure at the 13th annual general meeting held in the capital Dhaka on Wednesday.

The airline, majority of which is owned by BEXIMCO Group, made a profit of BDT 23.4 million in the year ending on December 31, 2009, while its operating revenue was BDT 2.908 billion.

In May 2010, the airline was re-launched with a new logo. As part of modernization and expansion of the airline, new aircraft were added to its fleet and new routes were launched.

GMG Airline was established in 1997 and started operations on 6 April 1998. It began with domestic operations and launched international services on 8 September 2004, with a service from Chittagong to Kolkata. It was the first private Bangladeshi airline to launch international services.

BBN/SI/ANS-30Sept10-10:22 am (BST) 

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