United Airways chairman resigns; high-ups reshuffled

Tasbirul Ahmed Choudhury has stepped down from the post of chairman of private carrier United Airways.
“I have resigned for personal reasons and the board has accepted my resignation,” said Choudhury, who has served the airline as its chairman and managing director since its inception in 2007.
Company insiders, however, said the chairman stepped down to avoid conflict with other board members, who wanted to see a change in the leadership.
After Choudhury's resignation, the board of the lone listed airline has already been reconstituted and Mohammed Mahtabur Rahman, a director, was appointed as its chairman on Monday.
Shahinoor Alam has been made managing director (acting) and Ferdous Imam chief executive officer (acting), according to a posting on the Dhaka Stock Exchange website yesterday.
On the premier bourse, each share of United Airways, listed in 2010, traded between Tk 12.90 and Tk 12, before closing at Tk 12.10 yesterday.
The airline now has 11 aircraft -- two Airbus 310-325, five MD-83, three ATR 72 and one DASH-8 100.
The airline operates domestic flights to Chittagong, Sylhet, Jessore, Cox's Bazar, Barisal, Rajshahi, Saidpur and Ishwardi.
On the international routes, it flies to London, Dubai, Kuala Lumpur, Kathmandu, Kolkata, Jeddah, Bangkok, Muscat and Singapore.
The private carrier announced 10 percent stock dividends for the year that ended in June. The company's earnings-per share stood at Tk 1.02, net asset value per share at Tk 12.05 and net operating cash flow per share Tk 1.91 as of June.