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 ...

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