Japan’s All Nippon Airways (ANA)—which announced last year it would invest $25 million in Myanmar’s Asian Wings Airways (AWA) for a 49% stake—has pulled back from the deal. However, the carrier said it is still interested in investing in that market. ANA will continue to seek possible business opportunities in airlines and airline-related businesses in Myanmar, an airline spokesman told ATW’s sister publication Aviation Week. Despite the decision to cancel its ...

Subscribe to Access this Entire Article

"ANA drops plan to invest in Myanmar domestic carrier " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.