FMI Air became the third domestic airline to throw in the towel on July 20, after more than five years in operation. Amid the winding up of joint venture proposals and local firms, this is the latest alarm that businesses are running out of patience with the government’s rigid protectionism in the aviation industry. “Operating […]
Air Bagan Temporarily Ceases Operations
August 24, 2015 by
Local carrier Air Bagan has temporarily suspended its operations in order to perform maintenance on its fleet of three airplanes. Air Bagan, which was established in 2004, has difficulties in buy or lease more aircraft due to US economic sanctions, or acquire necessary spare parts for its two ATR42-320s and one ATR72-500 aircraft, resulting in […]
Airlines rely on local customers
June 1, 2015 by
Domestic airlines mainly depend on local travellers as tourist arrivals decline during the rainy season, sources say. Myanmar has 10 domestic airlines including Air Bagan, Air KBZ, Air Mandalay, Yangon Airways and Golden Myanmar Airlines. Most cater services to serve tourism, flying round the main tourist destinations like Yangon, Mandalay and Bagan. The monsoon season […]
Asian Wings, ANA deal cancelled
July 31, 2014 by
A planned partnership between All Nippon Airways and a private Myanmar airline, Asian Wings, has been cancelled because of concerns over the viability of the project, the two sides announced on July 30. The two airlines signed a partnership agreement in August 2013 under which ANA, Japan’s largest airline group, was to pay US$25million for […]
ANA to acquire 49pc of Asian Wings
August 28, 2013 by
Japan’s All Nippon Airways (ANA) has announced it will acquire a 49 percent stake in a Myanmar airline, the latest foray into the rapidly-opening and potentially lucrative Southeast Asian market. Foreign firms have piled into Myanmar since the installation of a nominally civilian government in 2011, eager to make the most of opportunities in a […]
