fbpx

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 […]

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 […]

Bangkok Airways to fly direct between Yangon and Phuket

Thailand’s Bangkok Airways will start direct flights between Yangon and Phuket starting on November 17, Varong Israsena, the Bangkok-based regional airline vice president of sales told The Myanmar Times in Yangon. State-owned Myanmar National Airlines started operating a direct flight between Yangon and Phuket a month ago. “MNA sees the potential and increase in traffic […]

Myanmar Timber Enterprise targets higher sales, commercial restructuring

State-owned Myanmar Timber Enterprise (MTE) is targeting sales of 5,000 tonnes of teak and 100,000 tonnes of hard wood during the six-month period between April and October this year. The sales are expected to generate K63 billion in revenues, MTE deputy general manager U Khin Maung Kyi told The Myanmar Times. Sales will be conducted […]

Yangon Airport Receives Over 360,000 Passengers a Month

Yangon International Airport currently hosts over 360,000 passengers per month, with 120 flights landing daily, said U Aung Kyaw Tun, the deputy director-general of the Civil Aviation Department. Previously, there were only 40 flights per day that landed at Yangon International Airport. With the added flights to and from all over the world, the Yangon […]

Visa Waiver Prompts More Singapore Flights by Myanmar’s Flag carrier – TTG Asia

Myanmar National Airlines (MNA) will add five more flights per week on its Singapore-Yangon route starting December 1, when the visa waiver between the two countries comes into effect. Demand for the route, which MNA commenced as a daily service in August 2015, has been slow to moderate, according to some outbound agents in Singapore. […]

Developers to discuss suspension of high-rise buildings

Developers are due to meet to discuss the suspension of high-rise building projects in Yangon before submitting complaints to the authorities and the members of parliament. High-rise building projects were suspended on 14th May, raising concerns among entrepreneurs and threatening job losses to engineers, staff and laborers at construction sites. “We are carrying out the […]

Myanmar National Airlines receives new ATR aircraft

MYANMAR National Airlines celebrated the third arrival of new ATR72-600 MSN-1339XY-AME at Yangon International Airport yesterday. The new aircraft is the third of an order for six placed with ATR company, said the MNA, adding that the remaining three planes will be delivered in 2016 and 2017. According to the MNA, the arrival of the […]

Yangon airport T1 gets first foreign tenant

Yangon International Airport’s shiny new terminal has been almost empty since it opened in March – hosting only the country’s flag carrier Myanmar National Airlines. But space and facilities are becoming increasingly important for the raft of foreign firms aiming to add Myanmar routes, and the first international airlines are starting to move in. The […]

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 […]