The fate of local private airline company United Airways remains uncertain as talks among authorities concerned failed to come up with a solution for the company that suspended operations yesterday because of a “financial crisis.”
“We [CAAB] have discussed the issue with them [United Airways]. But as the civil aviation minister, secretary, and even the CAAB chairman are out of the country, we could not find a solution,” Group Captain SM Nazmul Anam, director (flight safety and regulation) of Civil Aviation Authority Bangladesh (CAAB), told the Dhaka Tribune over phone.
Hundreds of people, who were scheduled to fly on United Airways flights to local and international destinations, faced sufferings at the Dhaka airport because of the sudden cancellation of their flights. Some officials of the private airways also had to flee from the airport after facing passengers' agitation, CAAB sources said.
On Wednesday, the airline announced that it would indefinitely suspend its operation for financial reasons.
Meanwhile, share prices of the airline has dropped by 7.63% . At the closure of trading at Dhaka Stock Exchange yesterday, the market price of each United Airways share stood at Tk10.90, which was Tk11.80 at the end of trading on Wednesday.