HK carrier working to resolve ‘issues’ at Mandalay airport

Budget airline HK Express will review restarting flights to Mandalay after resolving issues that local aviation officials said concerned fuel quality. But the firm that supplies the country’s airports said there are no doubts about the standard of fuel it provides. The Hong Kong carrier began flights to Yangon and Mandalay in the first week […]

Hong Kong carrier suspends Mandalay flights due to concerns over fuel quality

Hong Kong budget airline HK Express started flights to Mandalaythis week, but will suspend operations to the new destination in October because of issues with fuel quality at Mandalay airport, Department of Civil Aviation officials told The Myanmar Times. The firm began flights from Yangon to Hong Kong on September 1, and started a two-month run of […]

Change in owners as U Tay Za said to exit AGD Bank

Several prominent businesspeople have bought or sold stakes in Asia Green Development (AGD) Bank, as it prepares for listing on the planned Yangon Stock Exchange in 2015. Up to 60 percent of the bank could have changed hands, with prominent entrepreneur U Tay Za and his Htoo Group of Companies severing direct ownership ties with […]