Destiny takes over Best Air

14 12 2010

Destiny Group has bought off 80 percent stakes in the troubled Best Air for Tk 150 crore, said a top official of the local airline yesterday.

Best Aviation Ltd, the owning company of Best Air, and Destiny, a multilevel marketing company, signed a share-transfer deal on November 11, according to M Haider Uzzaman, who now acts as the managing director for the airline.

Full story: The Daily Star

Best Air to resume flights in Sept 2009

30 07 2009

Best Air, the country’s third private airlines, is likely to resume its flight operation in September after months of suspension.

“We’re planning to stage a comeback in September,” Best Air Chairman M Haider Uzzaman told the news agency over telephone yesterday.

Best Air suspended its flights on February 20 due to financial crisis.

Haider said he is trying to manage funds from different sources to resume the flight operation of his airlines.

Replying to a question, the Best Air chief, whose name was found on the list of loan defaulters, said Best Air will operate its flights on its old routes at the initial stage.

Meanwhile, the Civil Aviation Authority of Bangladesh (CAAB) has suspended operations of four local airlines after the International Civil Aviation Organisation (ICAO) raised significant safety concerns over the issuance of air operator certificates by the local regulator. The four carriers are Best Air, Mid Asia, THT and Voyager.

Best Aviation started its journey in 1999 as helicopter operator and then began its operation as a freighter airline in 2000. It obtained license in 2006 from the Civil Aviation Authority to operate passenger service both on international and domestic routes. The company launched its passenger fleet with Boeing 737-200, which was the first in Bangladesh.

The airlines had started its operation on the country’s busiest Dhaka-Chittagong route on January 14, 2007 with Boeing 737-200.

Before its discontinuation, the airlines had operated flights to Chittagong, Bangkok, Colombo, Male, Dubai, Singapore and Kuala Lumpur.(19/7/09)