United Airways inks deal with ICB Capital Management

United Airways (BD) Ltd., the only listed company in the aviation sector of the country, signed an agreement with ICB Capital Management Ltd, a subsidiary of Investment Corporation of Bangladesh (ICB), at the office of the latter Tuesday. Under the agreement, ICB Capital Management will act as the Issue Manager for raising fund for the aviation company. Captain Tasbirul Ahmed Choudhury, Founder Chairman and Managing Director, United Airways and Engr. Md. Mofizur Rahman, Deputy Chief Executive Officer, ICB Capital Management signed the agreement on behalf of their respective organisations. M. A. Mubin, Executive Chairman, United Airways and Mohammad Fayekuzzaman, Managing Director, ICB were present on the occasion, among others. The collected fund will be utilised for induction of new aircraft in the fleet, carrying out heavy maintence of existing aircraft and thereby expand Airline’s domestic and International networks, said a statement.

--RMC--