United Airways Bangladesh Ltd, the lone listed airlines company in the country’s capital market, planned to resume its operation with the commitment of the best passenger services and in the process it has a plan to add 100 aircrafts in next 10 years, said the airline sources.
At presents, it has 11 aircrafts and more 5 new planes will be added to its fleet, and the number will grow by a minimum of a hundred by 2027, the source said.
It has a dream to be the top airlines company in South-Asia with the participation of 1, 52,000 share holders and foreign investment, if the civil aviation and the concerned ministries give support.
Irad Khan, one of the share holders of United Airways, bought shares at Tk.15 rate but didn’t sell the shares as he hopes one day the company will revive the share market.
He said, “The government should give all out support so that United Airways can resume its operation for the sake of 1.5 million people.”
Chairman and Managing Director (MD) of the aviation company Captain Tasbirul Ahmed Chowdhury said, “Investment is not a factor. The significant portion of new capital will come from foreign investors.”
The company’s paid-up capital was Tk. 10 crore in 2004 while the amount stood at Tk. 50 crore in 2006.
United Airways began domestic flights with a Dash 8 on 10 July 2007. Another Dash 8 was added in 2008. It launched its maiden international passenger flight to Kolkata from Dhaka and Chittagong in that year.
The airline received a Jet Boeing MD-83 aircraft in 2009 and launched flights as the first Bangladeshi private airline on Dhaka-London route in the same year.
It operated flights on several domestic and international routes, particularly to the Middle East and Malaysia.
United Airways suspended all domestic and international flights over a conflict of interest among board members and aircrafts crisis in 2015. However, it was resumed later.
The airline again suspended it all flights in 2016. Since then, the company tries to collect capital to buy new aircrafts.
It was listed at the stock exchange in 2010 and its authorized capital is Tk. 1 billion crore.