Myanmar’s Directorate of Investment and Company Administration has approved an investment of US$70.8 million by in Asian Blue Aviation Co Ltd, a joint venture between Japan’s ANA Holdings and Golden Sky World. The approval enables the company to operate for 50 years in the Myanmar air transport sector with the carrier focusing exclusively on international routes. ANA Holdings will hold a 49 per cent stake in the joint venture while the Shwe Than Lwin-owned media and banking entity will own … [Read more...] about ANA’s Myanmar joint venture Asian Blue Aviation gets green light
Asian Wings
ANA backs out of Asian Wings stake
Japan's All Nippon Airways (ANA) has dropped its plan to buy a 49 per cent stake in Myanmar airline, Asian Wings Airways, blaming "intensified'' competition in the country as it quickly emerges from years of economic isolation. Asian Wings operates an A321-100 and three ATR72-500s on scheduled flights throughout Myanmar, as well as to neighbouring Thailand. “Competition between new and old airlines in Myanmar has intensified, bringing rapid changes in the external … [Read more...] about ANA backs out of Asian Wings stake
