Sky Wings Airlines MyanmarMyanmar Sky Wings Airlines
Myanmar/Japan JV to apply for flight license
Myanmar's already overcrowded aviation sector may be in the process of adding another airlines. Japan's ANA Holdings and Shwe Than Lwin-owned Golden Sky World have founded a JV and requested the establishment of an intercontinental air company, according to an officer of the Department of Transportation. Said a civil aviation department of the Myanmar Times Department of Transportation, the Myanmar Investment Commission's executive board said the JV filed a "late application" with the departing federal administration waiting for Myanmar Investment Commission clearance.
For the time being, the name of the carrier is "Asian Blue" and it will only operate internationally, the CEO added. According to the managing partner, ANA Holding's share in its new jointventure is restricted to 49 per cent. Aerospace suppliers report that the JV has already been approved by the Ministry of Transport.
He would not speak on the Ministry's authorisation procedure and said that the ruling was now with MIC. Myanmar Directorate of Investment and Company Administration listet eine asiatische Blue Aviation Company auf. ANA Holdings is also named Shigeyuki Takemura.
ANA Holdings PR Director Ryosei Nomura said the company had no comments. It is not the first year that ANA Holdings has tried to grow into Myanmar. In August 2013, all Nippon Airways - one of three airlines owned by ANA Holdings - entered into a partner contract with the Burmese airline Asian Wings.
As part of this arrangement, All Nippon Airways was to contribute $25 million for a 49% interest in Asian Wings. This was the first merger announcement between an intercontinental company and a local company, but both parties said the merger had been terminated in July 2014. ANA was discouraged by the small local markets and fierce competitors from more than half a dozen other national airlines, Asian Wings said.
Burma has 11 airlines and the JV ANA Holdings would be the twelfth, said the head of the Department of Civil Aviation. Concentrating on round-trip services internationally, the new ANA Holdings jointventure will prevent cut-throat competitors in the local markets. However, the global airline industry has no lack of competing airlines.
Well-known companies competing on the Yangon-Tokyo service include AirAsia and Malaysia Airlines, which operate via Kuala Lumpur, Vietnam Airlines via Hanoi, Bangkok Airways via Bangkok and China Southern Airlines via Guangzhou. Air Japan from ANA Holdings also operates flights directly to Tokyo.