ANA takes 49% stake in new Myanmar airline

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.