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Private Airlines Debt to CAAB Exceeds Tk 1223 crore

Industry: Aviation, Logistics & Shipping
Company: GMG Airlines, Novo Air, Regent Airways, United Airways
Company Intelligence Tag: Business Insights

Four private airlines in Bangladesh, including Regent Airways, GMG Airlines, United Airways, and Novo Air, owe a combined total of Tk 1,222.98 crore to the Civil Aviation Authority of Bangladesh (CAAB). Among them, only Novo Air is currently operational. Regent Airways has the highest debt of over Tk 408 crore, followed by GMG Airlines with over Tk 396 crore, United Airways with Tk 388.97 crore, and Novo Air with Tk 29.48 crore.

The revelation came during a meeting of the Parliamentary Standing Committee on the Ministry of Civil Aviation and Tourism. The committee recommended taking necessary measures to recover the owed funds from these private airlines. In addition, the meeting discussed a report suggesting that excessive spending had occurred during the renovation of the Hotel Intercontinental, indicating unnecessary expenses benefiting certain individuals. The committee also recommended urgent road widening from Cox’s Bazar airport to the city and improvements to the beach area with coordinated efforts.

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