Myanmar AirAsia could be Tony Fernandes’ next big thing

Reading Time: 2 minutes

Malaysia-headquartered AirAsia, the largest Asian budget carrier as per the size of its fleet, is in talks with a partner to set up an airline in Myanmar as a next step to increase its outreach in Southeast Asia.

Reuters reported that AirAsia Group CEO Tony Fernandes had met a “well-respected” airline owner in Sydney as a potential partner, without naming the person.

Fernandes also did not elaborate on a timeframe for both parties to reach an agreement. However, a venture into Myanmar, if it materialises, would further expand AirAsia’s presence in the region. Aside from its core market of Malaysia, the low-cost carrier currently has units in Indonesia, the Philippines and Thailand, as well as operations in India, and has also initiated a joint venture in Vietnam, which is expected to start flights in October this year.

“[AirAsia Myanmar] is not going to be a big airline there, because the airport infrastructure is not there. But it is 50 million people and it will develop over time,” said Fernandes.

A number of carriers have been looking at Myanmar for its policy of slowly opening its airspace to foreign investment and its rapid economic growth, although Japan’s ANA Holdings last year dropped a plan to form an airline with local partner Golden Sky World after authorities rejected their application.

There are currently 12 airlines operating in Myanmar, including flag-carrier Myanmar National Airlines, Myanmar Airways International, Golden Myanmar Airlines, Yangon Airways, Air Bagan, Air Mandalay, and others.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 2 minutes

Malaysia-headquartered AirAsia, the largest Asian budget carrier as per the size of its fleet, is in talks with a partner to set up an airline in Myanmar as a next step to increase its outreach in Southeast Asia.

Reading Time: 2 minutes

Malaysia-headquartered AirAsia, the largest Asian budget carrier as per the size of its fleet, is in talks with a partner to set up an airline in Myanmar as a next step to increase its outreach in Southeast Asia.

Reuters reported that AirAsia Group CEO Tony Fernandes had met a “well-respected” airline owner in Sydney as a potential partner, without naming the person.

Fernandes also did not elaborate on a timeframe for both parties to reach an agreement. However, a venture into Myanmar, if it materialises, would further expand AirAsia’s presence in the region. Aside from its core market of Malaysia, the low-cost carrier currently has units in Indonesia, the Philippines and Thailand, as well as operations in India, and has also initiated a joint venture in Vietnam, which is expected to start flights in October this year.

“[AirAsia Myanmar] is not going to be a big airline there, because the airport infrastructure is not there. But it is 50 million people and it will develop over time,” said Fernandes.

A number of carriers have been looking at Myanmar for its policy of slowly opening its airspace to foreign investment and its rapid economic growth, although Japan’s ANA Holdings last year dropped a plan to form an airline with local partner Golden Sky World after authorities rejected their application.

There are currently 12 airlines operating in Myanmar, including flag-carrier Myanmar National Airlines, Myanmar Airways International, Golden Myanmar Airlines, Yangon Airways, Air Bagan, Air Mandalay, and others.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid