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 […]

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 […]

Yangon Airport’s Capacity, ASK Surge in 2013

Yangon Airport’s international capacity went up 63.5 percent year on year amid increased interest from tourists and global business communities in the recently-opened Southeast Asian country, aviation data provider Innovata said. About 3 billion one-way seat kilometres were offered on routes involving Yangon in 2013, 58 percent more than the previous year, analysis of Innovata’s […]

Mizzima Trio Plans Expanded Burma Coverage

An ex-hijacker, a business mogul and a Burma media veteran will team up to lead a revamped Mizzima, a formerly exile news outlet once based in India that has moved operations into Burma and plans to expand its news coverage, the company’s founder and editor-in-chief said on Thursday. Soe Myint, who in 1990 hijacked a […]

Bangkok Airway to Begin Mandalay Service

Bangkok Airways will become the fourth Thai airline to fly from Bangkok to Mandalay this month, launching the new route from the Thai capital to Burma’s second-biggest city on Sept. 15. The privately owned Thai carrier will service the route with Airbus A319 aircraft four times weekly—on Monday, Wednesday, Friday and Sunday—according to reports by […]

Airlines Scramble to Land in Myanmar, but Visas Still up in the Air

BANGKOK — Foreign airline companies big and small are falling over one another in a battle for landing rights in Myanmar to tap into Southeast Asia’s new and rapidly rising tourist destination. Myanmar may still be a long way behind its neighbor Thailand in visitor numbers, but since President U Thein Sein began opening up […]