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 […]

Airlines rely on local customers

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 […]

Southeast Asian Payments Provider 2C2P Raises $7 Million From Amun Capital and Japan’s GMO Venture

2C2P, a leading Southeast Asian payment services provider, has landed $7 million in Series C funding from Hong Kong’s Amun Capital and Japan’s GMO Venture Partners. That brings total funding for the 12-year-old company to $10 million. 2C2P will use the funds to make senior hires and to expand its “cards, cash and cash equivalent […]

Upgrades needed if Nay Pyi Taw is to develop as a tourism destination

The Ministry of Hotels and Tourism has announced a number of moves designed to promote Nay Pyi Taw as a tourist destination, but industry insiders say there is a ways to go before the capital attracting many holidaymakers. Initiatives are targeted at promoting the capital as a destination for MICE – Meetings, Incentives, Conferences and […]

Poor aviation infrastructure hinders Myanmar’s aviation potential

Slow improvement in aviation infrastructure remains the biggest hurdle that Myanmar must overcome if it is to cash in on the Asean Open Skies or even pursue its dream to become an aviation hub in Asia. At the Myanmar Civil Aviation Development Conference in March 2014, Transport Minister Nyan Htun Aung announced Myanmar’s vision “that […]

Airlines operate with new challenges

A new set of challenges faces the domestic air industry, as the number of airlines grow and ASEAN Open Skies is set to fully kick in later this year, according to deputy transport minister U Zin Yaw. Speaking at the Amyotha Hluttaw on March 12 in response to a question from Yangon representative U Nyunt […]

Myanmar’s Air KBZ set sights on regional skies

International (MAI), is expanding regionally with plans to launch flights between Yangon and Chiang Mai in May. The ATR72-600 service will start with two flights a week, according to Crystal Aung, assistant manager marketing and sales, Air KBZ. “We are working on a codeshare agreement with another Myanmar airline company to increase the number of […]

Myanmar carriers opening more Thai routes

Two more privately owned Myanmar carriers – Shwe Myanmar Airlines and Air KBZ – will begin flying between Yangon and Chiang Mai, as demand for flights to the northern city in Thailand increase, executives from the airlines said. They said a rising number of Myanmar nationals visiting the city was the driving demand, and that […]

Air KBZ to Begin Charter Flights This Month

Air KBZ will introduce air charter service starting this month, U Myat Thu general manager of the private airline told Myanmar Business Today. A fleet of six existing aircrafts, along with an ATR72-500 airliner, which arrived on July 9, will be available for both domestic and international service in August. “The new plane cannot be […]

Myanmar’s airlines face challenges as playing field expands and competition intensifies

Consult-Myanmar welcome you to the 27th SEA Games Myanmar, 11-22 Dec 2013 Myanmar’s aviation market has huge potential for both local and foreign carriers as the country has recorded some of the highest passenger growth rates in Asia since opening up in 2012. But there are also huge challenges, including infrastructure constraints, over-capacity and unprofitability. […]