Menu

Japan’s ANA Group acquires Myanmar-based airline

  • Published by Vedat
The ANA Group, Japan's largest airline group, today announces that it will acquire a 49 per cent stake in the Myanmar-based airline Asian Wings Airways (AWA).

ana-tailANA Group will invest $25 million (2.5 billion yen) for AWA as part of its stated strategy of expanding into new international markets.

As part of the investment, ANA will also work with AWA to improve its operational and on-time performance and support its expansion into markets outside Myanmar. AWA is a profitable airline currently operating only domestic services. However, it plans to inaugurate international routes from October this year and intends to expand its aircraft fleet with a goal of operating ten A320 aircraft by 2018. For the fiscal year ending March, 2013, AWA reported revenue of US$17.8 million.

The investment in AWA is in line with ANA's group corporate strategy for FY2013-2015 which involves diversification into new growth areas, centered primarily around airline-related businesses particularly in the Asian area. The acquisition of the stake in AWA represents the first investment in a Myanmar-based commercial carrier by a foreign airline. ANA intends to capture an increasing share of the fast-growing Asian airline market and this investment in AWA will support that strategic goal.

In addition, on September 30 (Monday), ANA will increase the number of flights between Tokyo-Narita and Yangon from three per week to seven and also intends to introduce larger aircraft onto the route. As ANA works to boost transport capacity between Japan and Myanmar, it will also improve connectivity with onward flights (operated by AWA) to key cities in Myanmar, which is expected to contribute to ANA’s own route network.
Advertisement
Advertisement

Destinations

Spend a Romantic Weekend in Tallinn, Estonia

Spend a Romantic Weekend in Tallinn, Estonia

Beginning of December 2016, me and my wife visited Tallinn, the capital of Estonia, and if you are searching for a romantic weekend, then you should consider Tallinn. The Estonian capital offers tra...

Best of Greek Islands with Celestyal Cruises

Best of Greek Islands with Celestyal Cruises

In Summer 2016, I had chance to sail to Greek Islands with the Celestyal Cruises. In an organization with Karavan Cruises, travelers enjoyed best of Greek islands with Celestyal and received a compl...

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

Unique and Luxurious Vacation Destination in Turkey: Cappadocia

ftnNEWS would like to present you a unique vacation idea here in Turkey: Cappadocia Region. Located on the central Anatolia plateau within a volcanic landscape sculpted by erosion to form a successi...