United Airways will raise Tk 400 crore from two foreign investors and a local aviation company to purchase aircraft and repay loans it has been announced. This will help the Bangladeshi airline resume flight operations that remain suspended since March 5, 2016 after the airline could not fund essential maintenance requirements. United Airways will raise the funds by issuing 40 crore ordinary shares of Tk 10 each to Singapore-based Swift Air Cargo and Phoenix Aircraft Leasing, and Bangladesh’s TAC Aviation. The airline yesterday got approval from Bangladesh Securities and Exchange Commission to raise the funds through private placement, according to

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