ANA Plans to Start Flights From Myanmar in 2018 With Venture
- New airline venture will focus on international routes
- Myanmar’s economic power is growing, ANA CEO Katanozaka says
Shinya Katanozaka.
Photographer: Akio Kon/BloombergThis article is for subscribers only.
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 percent stake and a local company holds the remainder, Shinya Katanozaka, chief executive officer of Japan’s largest airline, said in an interview in Tokyo Monday. The companies made a combined initial investment of $150,000 in the venture, he said.