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Myanmar National to seek foreign funds for fleet upgrade

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

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

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 […]

Rumour claims four domestic airlines stop their services

Rumours surfaced that four domestic airlines including Air Bagan and Apex Airlines had stopped their services. The alleged four are Air Bagan, Apex Airlines, Asian Wings Airways and FMI Air. Deputy Director General Ye Htut Aung from Department of Civil Aviation said on July 16, “It is true that Air Bagan and Apex Air have […]

Fuel prices, protectionism hobble Myanmar airline industry

Myanmar’s once lucrative airline industry is struggling to stay afloat with many carriers already halving their fares to draw more passengers. A shortage of modern infrastructure and high import bill is driving up the price of jet fuel, making it exceedingly difficult for many local airlines to keep their fleets airborne. Already, the Department of […]

Myanmar’s airlines face pressure at home and abroad

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 […]

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 […]

New domestic airline to begin flights in March

A new domestic carrier, Apex Airlines, will be among the first in Myanmar to offer dynamic pricing when it starts flying next month, a senior company official says. Chief operations officer Selva Kumar said Apex’s first aircraft, an ATR 72-600, would arrive in Nay Pyi Taw in mid-February, with a launch planned for late March. […]

Tourism forum expects bright future for SE Asia

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 […]

Domestic airlines heat up Myanmar skies

MYANMAR’S airspace will see competition intensify as three domestic airlines commence or expand operations over the next few months. Brand new carriers Apex Airlines and Mann Yatanarpon Airlines are due to take flight soon, while FMI Air Charter will start more scheduled flights. A source from Apex told TTG Asia e-Daily that the company’s management […]