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ANA Holdings Inc To Buy 49% In Asian Wings Airways-Reuters

Monday, 26 Aug 2013 09:42pm EDT 

Reuters reported that ANA Holdings Inc will buy a 49% stake in Myanmar carrier Asian Wings Airways as part of a strategy to expand overseas by investing in airline related businesses. ANA, will pay JPY3 billion ($30.45 million) for the stake, the Nikkei business daily reported earlier. The two carriers may announce the deal later on August 27, 2013. A spokesman for the Japanese carrier declined to comment on the reports, saying it had not announced the acquisition. ANA resumed flights between Tokyo and Yangon last October after a 12-year hiatus.