GMG likely to float shares by Nov

September 30, 2010

GMG Airlines will float shares in the capital market by November this year.
Chairman of the private carrier Shayan F Rahman made the disclosure at the 13th annual general meeting of the company in Dhaka on Wednesday, said a news release.
The airline, majority of which is owned by Beximco Group, made a profit of Tk 2.34 crore in the year ending on December 31, 2009, while its operating revenue was Tk 290.81 crore.
In May this year, the airline was re-launched with a new logo. As part of modernisation and expansion of the airline, new aircraft were added to its fleet and new routes were launched.

 

Courtesy of NewAge

Advertisement Area

Comments

Got something to say?

You must be logged in to post a comment.