Myanmar National Airlines (UB, Yangon) will seek foreign investors to finance the upgrade of the carrier’s international fleet and it has also approached the Myanma Port Authority in this regard, Director U Myint Aung has told The Myanmar Times. The Myanmarese flag carrier has been unprofitable since its corporatisation in 2013 but hopes to post […]
Unable to break protectionist curse, FMI bites the dust
July 24, 2018 by
FMI Air became the third domestic airline to throw in the towel on July 20, after more than five years in operation. Amid the winding up of joint venture proposals and local firms, this is the latest alarm that businesses are running out of patience with the government’s rigid protectionism in the aviation industry. “Operating […]
Myanmar’s two domestic airlines stop operations
July 23, 2018 by
YANGON, July 18 (Xinhua) — Myanmar’s two domestic airlines Air Bagan and Apex Airlines have stopped their operations, surrendering their air operator’s certificates (AOC) to the authorities recently, local 7Day Daily reported Wednesday. Shortage of aircrafts and economic loss forced the domestic airlines to stop their operations. In accordance with Myanmar Aviation Act, the airlines […]
Myanmar’s airlines face pressure at home and abroad
March 23, 2016 by
Underfinanced and often unprofitable, Myanmar’s airlines are in a fight for survival as competition heats up from rivals inside and outside the country. The sector has several factors in its favour – Myanmar is enjoying strong economic growth, fuel prices are low and the number of foreign tourists is rising. But by and large the […]
Tourism forum expects bright future for SE Asia
January 29, 2015 by
Tourism operators in Southeast Asia expect huge arrival numbers, while Thailand, Vietnam and Myanmar will play a great role in this. Travel experts predict a bright future for the hospitality industry in the region, with arrivals to surpass 100 million this year, up from 99.5 million in 2013 and compared with an estimated 109 million […]
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