Posted: Mon Feb 20, 2012 9:44 pm Post subject: Malaysian: Bismillah Airlines
Quote:
M'sian firm buys 40% of Bismillah Airlines
KUALA LUMPUR: Malaysian-based Tu-E Capital Bhd has signed an agreement for the purchase of 40 per cent equity in Bangladesh-based Bismillah Airlines, with a capital injection of US$35 million.
In a statement here, the company said the Bismillah Airlines is dedicated to providing flights for Bangladeshi employees working abroad and an estimated eight million workers are expected to use the airline's service.
Tu-E Capital's general manager Azhar Idrus said his company had the "strength of injected capital through banking instruments, and was ready to hold equity in two other airlines, namely Thailand-based Platinum Airlines and Dubai-based Middle East Airlines."
"We will act as a strategic alliance to these companies," he said, adding that other Asian airlines had shown interest as well. - BERNAMA
http://biz.thestar.com.my/news/story.asp?file=/2012/2/20/business/20120220152040&sec=business#13297441167031&if_height=352
Posted: Wed Feb 22, 2012 12:32 pm Post subject: Re: Malaysian: Bismillah Airlines
kakbe wrote:
Quote:
M'sian firm buys 40% of Bismillah Airlines
KUALA LUMPUR: Malaysian-based Tu-E Capital Bhd has signed an agreement for the purchase of 40 per cent equity in Bangladesh-based Bismillah Airlines, with a capital injection of US$35 million.
In a statement here, the company said the Bismillah Airlines is dedicated to providing flights for Bangladeshi employees working abroad and an estimated eight million workers are expected to use the airline's service.
Tu-E Capital's general manager Azhar Idrus said his company had the "strength of injected capital through banking instruments, and was ready to hold equity in two other airlines, namely Thailand-based Platinum Airlines and Dubai-based Middle East Airlines."
"We will act as a strategic alliance to these companies," he said, adding that other Asian airlines had shown interest as well. - BERNAMA
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