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.
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.
As it embarks on a series of reforms under a new government that took office in March 2011, Myanmar has set its sights on next year for the release of a national civil aviation policy to prepare for a traffic boom that threatens to overwhelm its woefully inadequate air transport infrastructure.