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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 […]

Former CEO questions future as Air Mandalay service is grounded

The recently departed chief executive officer of Air Mandalay says there is “zero chance” the struggling domestic airline can return to the skies at the end of January as its management has claimed, and even cast doubt on the future of the company. However, new CEO U Sai Kham Park Hpa insisted last week that […]