Dhaka, Feb. 8 -- The Civil Aviation Authority of Bangladesh (CAAB) faces uncertainties over realising Tk 11.93 billion that three defunct airlines owe it.

The airlines are Regent Airways, United Airways and GMG Airlines.

CAAB has taken several initiatives, including filing money suits, to recover the outstanding payments, but to no avail.

The cases remain pending for more than a decade due to the sluggish judicial system, while there are uncertainties over when they will finally be resolved.

Various airlines in the country, including the aforementioned three, owed the state-run organisation Tk 77.22 billion until November 2024.

Bangladesh's first private airline GMG Airlines started operations in 1997 and went out of business in 2012...