Myanmar received its first FBO this week when Myanmar MJets Business Aviation Center (MMBAC) opened at Yangon International Airport. The new venture is a partnership between Bangkok-based business jet and FBO operator MJets and the WahWah Group, which provides aircraft handling and aircraft parts distribution in Myanmar, with support from Myanma Airways, the country’s national airline.
Myanmar’s state-owned national airline, Myanma Airways (to be renamed Myanmar National Airlines in the near future), ordered six ATR 72-600 regional turboprops and placed options for another six on Wednesday here at the Farnborough Airshow.
The new aircraft are scheduled for delivery from 2015 to 2017 and will be used for both increasing and replacing Myanma’s existing ATR fleet.
The Toulouse-based manufacturer will also assist Myanma Airways in establishing a modern maintenance, repair and overhaul facility in Yangon.
Long hindered by political and economic sanctions, Myanmar has emerged as one of the remaining frontier markets in Southeast Asia. Since the 2012 elections, the Thein Sein Administration has taken great strides to unlock the country’s economic and tourism potential. A highly competitive market has developed in just two years.