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 […]

Air Bagan Temporarily Ceases Operations

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

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 […]

Foreign Investors Rethink Enthusiasm on Myanmar’s Aviation Sector

ANA’s Cancellation of Deal With Asian Wings Exemplifies Fading Interest YANGON, Myanmar—Once thought to be one of Myanmar’s most promising sectors, aviation is losing its shine with foreign investors, offering a window into the slowdown in investment into the country. With the number of visitors to the country expected to hit a record three million […]

Asian Wings, ANA deal cancelled

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

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 […]