ANA Takes 49 Per Cent Stake In AWA

Japan’s ANA Group is to acquire a 49 per cent stake in the Myanmar-based domestic airline Asian Wings Airways (AWA). ANA Group will invest $25m in the airline as part of its stated strategy of expanding into new international markets. ANA said that as part of the investment it will work with AWA to “improve its operational and on-time performance” and support its expansion into markets outside Myanmar. AWA plans to inaugurate international routes from October this year and intends to expand its aircraft fleet to 10 A320 aircraft by 2018.

TAGS: Asia
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