Myanmar’s Aviation Market Essay Sample

Myanmar’s air power market is poised to come in a major period of growing as the state begins to open up following landmark elections earlier this month that were won by Aung San Suu Kyi’s National League for Democracy. The election was seen as a turning point for Myanmar. once known as Burma. and the start of a more favorable concern environment. including for air power. Several Asiatic bearers and airdrome operators have identified near-term chances in Myanmar. The chances for all types of bearers – local and foreign. domestic and international. low-cost and full service – face no restrictions in the average term as the Myanmar market is now the most underserved market in ASEAN and possibly all of Asia.

Myanmar’s two bing international airdromes. at Rangoon and Mandalay. are to be partly privatised while a late opened new airdrome at the new capital of Naypyitaw will shortly get down to manage international flights. There are besides programs for upgrading several domestic airdromes. many of which lack basic substructure.

Major international airdrome operators tell CAPA they are eager to take part in expected stamps for the direction and enlargement of the airdromes at Yangon. Mandalay and Naypyitaw. International airdrome operators besides expect Myanmar will finally seek a foreign company to assist run the country’s about 30 domestic airdromes. some of which could be upgraded to international installations.

The old capital Yangon has by far the largest airdrome in Myanmar. Last twelvemonth Yangon accommodated 2. 5 million riders. including about precisely 1 million domestic riders and about 1. 5 million international riders. harmonizing to Myanmar Department of Civil Aviation informations.