The Japanese carrier signed an agreement in...

[Nyi Nyi ℠]

Asian Wings & ANA

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From: Frankie Nyi Nyi <notification+zj4o=_=o6...@facebookmail.com>
Date: Thu, Jul 31, 2014 at 7:30 PM
Subject: [Travel Myanmar Group] The Japanese carrier signed an agreement in...
To: Travel Myanmar Group <travel...@groups.facebook.com>

Frankie Nyi Nyi posted in Travel Myanmar Group Frankie Nyi Nyi 7:29pm Jul 31 The Japanese carrier signed an agreement in August 2013 to acquire a 49% stake in Yangon-based Asia Wings. But it confirmed this week that the US$25 million deal has now been shelved. http://www.traveldailymedia.com/210497/ana-cancels-myanmar-airline-deal/ ANA cancels Myanmar airline deal | Travel Daily Asia www.traveldailymedia.com All Nippon Airways (ANA) has cancelled a planned investment in Myanmar’s Asia Wings Airways. The… View Post on Facebook · Edit Email Settings · Reply to this email to add a comment.

[Thomas Latt]

why?

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[Nyi Nyi ®]

ANA stated that changing aviation market in Myanmar had led to the decision.

“Competition between new and old airlines in Myanmar has intensified, bringing rapid changes in the external environment, and calling into question the assumptions made at the time of the original decision,” the airline said in a statement.

“Ultimately, negotiations for the capital participation with AWA were unable to reach an agreement, and the investment plan was cancelled as a result.”