Domestic carrier United Airways under investigation

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By admin September 29, 2014 13:08

Domestic carrier United Airways under investigation

The Bangladesh Securities and Exchange Commission announced that it is investigating recent developments at domestic carrier United Airways following the private carrier’s suspension of operations, reconstruction of its board, resumption of operations and its trade pattern on bourses.

Shares in United Airways rose 7.34% on Friday as the carrier resumed operations after a three-day suspension over a conflict among board members.

The airline had suspended operations on Wednesday evening for an indefinite period after the company faced a cash crunch due to the failure of its reconstituted board to come up with a plan.

admin
By admin September 29, 2014 13:08