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Japan's ANA plans to buy stake in Myanmar airline

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(Globalpost/GlobalPost)

Japan's All Nippon Airways (ANA) said Tuesday it would acquire a 49 percent stake in a Myanmar airline, the latest foray into the potentially lucrative Southeast Asian market that is rapidly opening up.

"ANA Group will invest $25 million (2.5 billion yen) for AWA (Asian Wings Airways) as part of its stated strategy of expanding into new international markets," ANA Holdings -- the parent of Japan's major airline -- said in a statement.

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http://www.globalpost.com/dispatch/news/afp/130827/japans-ana-plans-buy-stake-myanmar-airline