Japan’s ANA invests in new airline venture in Myanmar

All Nippon Airways's Boeing 787 Dreamliners on the tarmac at Tokyo International Airport at Haneda in Tokyo, Japan. Photo: EPA

ANA Holdings Inc. has invested in a new airline venture in Myanmar that aims to start international flights in 2018 as the Japanese carrier seeks to capture demand in Asia’s fastest-growing economy, Bloomberg reported on 12 December.

ANA has a 49 percent stake and a local company holds the remainder. The companies made a combined initial investment of $150,000 in the venture, according to the report.

The Myanmar venture will start with a couple of airplanes and plans to increase the fleet, he said. ANA’s investment will rise as the venture adds aircraft.

The carrier restarted flights to Myanmar’s Yangon airport in 2013 and is the only airline to offer direct flights between Japan and the country.

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