ANA takes 49% stake in new Myanmar airline
The venture aims to start international flights in 2018 with a couple of of planes, says ANA's CEO
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Tokyo
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.
ANA has a 49 per cent stake and a local company holds the remainder, Shinya Katanozaka, chief executive officer of Japan's largest airline, said in an interview in Tokyo on Monday. The companies made a combined initial investment of US$150,000 in the venture, he said.
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