Dhaka, Bangladesh, Oct. 25, 2017 – Regent Airways (www.flyregent.com), Bangladesh’s largest privately owned and operated passenger airline and an affiliate of the Habib Group (http://habibgroupbd.com), one of the largest conglomerates in Bangladesh, announced today that it has retained DelMorgan & Co. (www.delmorganco.com), an internationally recognized investment banking firm, as its exclusive financial advisor to advise Regent on its strategic alternatives, including assisting with the financing of the airline’s plans to expand its current operations.

Mashruf Habib, Managing Director of Regent, stated, "We are very excited about our engagement of DelMorgan & Co. to assist us in pursuing the next phase of our growth strategy. DelMorgan’s global experience and professionalism and knowledge of the airline business will help us position ourselves to expand to capture the large amount of underserved demand for air travel to and from Bangladesh."

Neil Morganbesser, President & CEO of DelMorgan & Co., added, "Regent is widely recognized as the airline of choice in Bangladesh. We are very much looking forward to working with Regent and helping it to expand its network and further develop the airline’s product offerings. We are extremely encouraged about the long-term opportunities in Bangladesh and the Asia- Pacific region, and especially the near-term opportunities that Regent has to capitalize on its recent successful growth and to further increase its presence in international markets.”

Vahan Callan, Managing Director and Head of Aviation Finance at DelMorgan & Co., added, “Regent Airways, in just six years of scheduled operations, has established itself as Bangladesh’s premier airline with an impressive record of translating operational growth to increases in revenue and profit. Under the leadership of the Habib Group and the airline’s management team, Regent has grown from domestic operations with two turboprops to 8 aircraft serving a network of 10 destinations in 8 countries. With the infusion of $40 million of additional capital from lenders or other investors, Regent will have the funds to pursue its near-term growth plans, increasing its route network, staying ahead of and further stimulating increasing passenger demand, and catapulting its current financial results to a new level of profitability.”