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GMG Airlines

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GMG Airlines

Sanjiv Kapoor, Chief Executive Officer
Sanjiv Kapoor
Chief Executive Officer
IATA Code
Z5
ICAO Code
GMG
Corporate Address
ABC House (10th Floor)
8, Kemal Ataturk Avenue
Banani C/A, Dhaka-1213. Bangladesh
Website
http://www.gmgairlines.com
Main hub
Dhaka Hazrat Shahjalal International
Country
Bangladesh
Business model
Full Service Carrier

Established in 1997, GMG Airlines is a wholly-owned subsidiary of the GMG Group and is based at Shahjalal International Airport in Dhaka with a secondary hub at Shah Amanat International Airport in Chittagong. The carrier operates a network of domestic, regional and international services within Bangladesh, South East Asia, the Indian Subcontinent and the Middle East.

Location of GMG Airlines main hub (Dhaka Hazrat Shahjalal International)

Source: CAPA - Centre for Aviation and Google Maps


 
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GMG Airlines suspends operations in challenged Bangladeshi aviation industry

6-Apr-12 11:00 AM

The challenges facing the Bangladeshi aviation industry have been further highlighted in the past week with GMG Airlines suspending operations on 30-Mar-2012. GMG plans to restructure its operation to respond to a number of structural challenges in the industry, including rising competition from Middle East airlines. Meanwhile, the situation at national flag carrier Biman Bangladesh Airlines remains fragile, with the heavily indebted carrier facing a further wave of industrial unrest this month. 

International airlines currently hold around two thirds of international capacity to/from Bangladesh. Just under 30 airlines are active in the market, although Biman Bangladesh Airlines remains the largest carrier operating to/from the country with a 28% international capacity share. Despite it being a price-sensitive market environment (which should support low cost carriers), development on this front has been limited and the market remains dominated by full service airlines.

Challenges for growth in Bangladeshi aviation industry

7-Jul-11 10:33 AM

The growth of international traffic and tourism to/from Bangladesh is facing continued challenges in 2011. National flag carrier Biman Bangladesh Airlines is reportedly on the verge of bankruptcy, weighed down by a considerable debt burden. Bangladesh is also struggling to upgrade its infrastructure and tourism facilities to attract international visitors, with inbound tourism remaining flat in 2010.

Airline IPO activity increases as market conditions improve but oil threatens

10-Mar-11 10:45 AM

There are more than 30 airlines around the world publicly talking of conducting an IPO to help diversify funding sources, coinciding with improved demand and economic conditions. Aircraft deliveries are also accelerating, with more than 1400 aircraft scheduled for delivery this year alone, prompting the need for additional financing. However, concerns over rising fuel costs in recent weeks have had affected oil prices and, hence, the attractiveness of airlines.

More than 30 airlines consider IPOs as market improves

14-Oct-10 4:42 PM

There are more than 30 airlines around the world that have publicly talked about tapping equity markets to help diversify funding sources, coinciding with an improved economic environment. Aircraft deliveries are also accelerating, with more than 1,300 aircraft scheduled for delivery this year alone, prompting the need for additional financing.

Full steam ahead for Saudi Arabian airport developments

29-Sep-10 9:35 AM

Saudi Arabian Government plans to heavily invest in constructing new airports in the kingdom, while also expanding existing airports over the next decade. General Authority of Civil Aviation (GACA) stated it plans to invest USD10 billion-20 billion developing and upgrading airports by 2020, with private companies to contribute as much as USD10 billion to the projects.

Competition ramps up in Bangladesh, as Kingfisher flies in

29-May-09 10:52 AM

Bangladesh operates an essentially protective aviation policy. A less than enthusiastic short-term open skies trial in late 2007 did little to stimulate traffic and growth has subsequently been subdued. This has not prevented a range of foreign airlines being willing to enter the Bangladesh market, which is very attractive, given the large Bangladeshi diaspora of workers and wealthy professionals and its huge and concentrated local population - despite the country's chronic poverty.

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