MGH Group, primarily known for its logistics operations, is ambitiously expanding into the aviation sector by launching a new airline named "Fly Falcon" in Bangladesh. Alongside its existing helicopter business, this airline aims to offer both passenger and cargo flights, marking a significant diversification for the company.
According to senior officials, MGH Group has already engaged with Bangladesh's Civil Aviation Authority (CAAB) and specifically the Civil Aviation Authority's Flight Standards Regulations department by submitting a Letter of Intent (LOI) to seek regulatory approval for starting the airline. This step is part of the formal application process, which has advanced to a pre-application meeting with CAAB officials.
The airline, registered under the name Air Falcon Bangladesh Limited, is jointly established by Bangladesh's MGH Group holding 51% ownership, and the International Business Company (FZIDE) based in the United Arab Emirates, owning 49%. FZIDE is part of a business group owned by the Sultan of Sharjah and is affiliated with Air Arabia, a prominent UAE-based low-cost carrier.
At the pre-application meeting, MGH Group's Chairman and CEO Anis Ahmed, who will serve as the chairman of Fly Falcon, and FZIDE's Managing Director Adel Abdullah Mohammad Ali participated. They informed the authorities that Fly Falcon is at the initial stages of development and will proceed with the formal application after receiving feedback and guidance from CAAB.
The creation of Fly Falcon is poised to enhance Bangladesh's aviation landscape by integrating passenger services with cargo capabilities, leveraging international partnership expertise and regulatory compliance to establish a competitive new airline.
This initiative reflects MGH Group’s broader ambition to evolve beyond logistics and helicopter services to become a significant player in commercial air travel and freight services in the Bangladesh and Gulf region markets.