Insurance Giant AIA ‘Committed’ to Expansion in Burma—at Some Point

Hong Kong-based insurance company AIA Group wants to enter Burma, but will wait for the country to “open up” more, the firm’s chief executive told Nikkei Asian Review. The Japan-based media outlet this week published an interview with Mark Turner, the CEO of AIA, a company that already has a significant business in Burma’s neighbor, […]

Myanmar Boom Wanes as Overcapacity Bites

When Myanmar opened to the world back in 2012, the country experienced a rapid expansion in air travel. Thirteen foreign airlines carried roughly 2 million international passengers. By 2014, the international market had jumped to 3.2 million passengers traveling with nine foreign airline groups, bringing the total number of international carriers to 22. But now the […]

FMI Air Starts Yangon-Sittwe Flights; Introduces Upgraded Check-in

Local carrier FMI Air has begun a scheduled direct service from Yangon to Sittwe in Rakhine state. The service will run five days a week from Monday to Friday, and one way ticket will be sold for $65 during the promotion period until September 11. Mark Collins, chief operating officer of FMI Air, said, “There […]