GMG to exit wide-body aircraft operation and re-focus on high growth domestic and regional routes using new generation narrow-body aircraft
Dhaka, March 28, 2012:
GMG Airlines is planning to adopt a new business strategy in light of rising fuel prices and changing international competitive environment through a 360 degree restructure of its strategy, organization, fleet and business model. It will redesign its route network to focus on higher yield, higher growth domestic and regional routes using new generation narrow body aircraft.
Mr. Sanjiv Kapoor, CEO, GMG Airlines, shared a new strategy stating that GMG will be focusing on domestic and regional routes, as the rapid rise of ...view middle of the document...
During this period of suspension, all ticketed passengers will be given a full refund through the airline’s sales offices and employees will be paid compensation benefits in accordance with the labour law. Also, the airline is taking necessary steps to retain all of its AOC, route rights, frequencies and will be in full co-ordination with regulators, stakeholders and valued passengers.
On behalf of the board, Mr. Sanjiv Kapoor thanks everyone for the tremendous support extended to GMG through the years since it started operations as Bangladesh’s one of the first private airline for more than a decade.
Company Information: [pic]
GMG Airlines is a private airline of Bangladesh with its head office in the AAA Tower in Nikunjo-2 Dhaka, Bangladesh. It is Bangladesh's largest and oldest private airline operating domestic, regional, and international services, upholding the image of Bangladesh to the world. Its main bases are Shahjalal International Airport, Dhaka, and Shah Amanat International Airport, Chittagong. On 17 June 2009, Beximco Group bought a stake in GMG Airlines and has injected cash in the airline.
Details of GMG:
Carrier Code Z5 ICAO
GMG Website GMG Airlines
Logo size 209
Secondary hubs Shah Amanat International Airport
Company slogan First Class All the Way
Parent GMG Group & Beximco
Headquarter Dhaka Bangladesh
Hub airport Shahjalal International Airport Shah Amanat International Airport
Frequent flyer Golden Deer Club
Key people Salman F. Rahman Shayan F. Rahman Ashish Rai Choudhury Shahab Sattar
Fleet size 8
Hubs Shahjalal International Airport
Headquarters Dhaka Bangladesh
Airline GMG Airlines
History of GMG Airlines:
GMG Airline was established in 1997 and started domestic operations on 6 April 1998. International services were launched six years later on 8 September 2004, with a service from Chittagong to Kolkata.
GMG began regular flights to Bangkok, Delhi and Kathmandu on 20 October 2006. It started services to Kuala Lumpur on 24 January 2007. The airline started its operation to the Middle East with daily flights to Dubai on 1 February 2008. In July of 2010, GMG initiated flights to Jeddah and Riyadh.
They also served Abu Dhabi and Karachi as well as domestic stations Jessore and Sylhet
A GMG Airlines Bombardier Dash 8
In February 2008 the airline added a leased Boeing 747-300 to the fleet starting wide body operations, this proved to be a White Elephant in an era which saw Global...