Myanmar's government plans to establish another international carrier that will begin operations later this year using widebody aircraft to serve destinations in Asia and Australia.
Air Myanmar is 51%-owned by the Myanmar government, through the auspices national domestic carrier Myanma Airways. The remaining stake is held by three parties - Myanmar oil and gas company Dawn Light, Hong Kong-based Cathay Aviation and Singapore firm Fast Growth Associates.
Cathay Aviation is unrelated to Cathay Pacific, although managing director Dave Rowe is a former Cathay Pacific pilot.
The airline plans to start operations towards the end of this year with a Boeing 767-200 or an Airbus A300-600. Initially it wants to fly scheduled services linking Myanmar's capital Yangon to Sydney via Singapore, as well as as to operate from Yangon to Bangkok in Thailand, Shanghai in China, Seoul in South Korea and Fukuoka in Japan.
Source: Flight International