Monthly Archives: September 2012

GE to lease two jets to Myanmar airline in continued expansion

(Reuters) – General Electric Co reached a deal on Monday to lease two Embraer SA-made jets to Myanmar’s state airline, the latest in a series of deals since the United States reopened commercial dealings with the long-isolated Asian nation.

The largest U.S. conglomerate’s aircraft leasing arm said it would ship two Embraer E190 jets to Myanmar Airlines in November and December. It did not disclose the value of the deal.

The United States in May suspended economic sanctions on the former British colony after 2011 elections brought a civilian government to power in Myanmar after 49 years of military rule.

GE in July became the first U.S. company to restart operations in Myanmar when it signed deal to supply two hospitals with X-ray machines through a local dealer. Fairfield, Connecticut-based GE has said it aims to open an office in the country once U.S. laws permit it.

Soft-drink makers Coca-Cola Co and PepsiCo Inc have also reached deals in the past two months to begin selling their products in the nation of some 60 million people.

(Reporting By Scott Malone; Editing by Maureen Bavdek)

Germany’s Condor begins flights to Yangon

Published on Wednesday, 19 September 2012 23:09

German airline Condor will start flying to Yangon from Frankfurt on November 6.

The airline said the service will be available once a week operating with a 268-seater Boeing 767-300 aircraft.

Condor was established in 1955. It has operations in over 60 countries across Europe, Asia, Africa, North and South America.

At least eight international airlines will start their direct flight service to Yangon in October.

Minister for Hotels & Tourism received representatives of Visa International (Asia-Pacific)

HE U Htay Aung, the Union Minister for Hotels & Tourism, received representatives of Visa International(Asia-Pacific) at his office in Naypyitaw on September 13, 2012.

The Minister and the visitors held a discussion to introduce Visa card to Myanmar in an effort to develop Myanmar Tourism.

For details go to:

Source : MOHT

Western Union to Launch International Money Transfer Services in Myanmar

The Western Union Company (NYSE: WU), a global leader in payments, today announced the signing of Myanmar Oriental Bank, its first Agent to offer Western Union® Money Transfer SM Services in Myanmar. The service will offer Myanmar citizens a reliable and swift way to receive money from family and loved ones from around the world.

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Singapore Airlines to start daily Yangon service

SINGAPORE: Singapore Airlines (SIA) said Wednesday it will start a daily service to Yangon in October to meet growing business and tourist demand for flights to Myanmar’s largest city.

The announcement by one of the world’s top airlines comes amid growing international interest in once-isolated Myanmar, which launched political reforms after ending nearly half a century of military rule last year.

“Demand has been growing strongly for both business and leisure travel to Myanmar, and Singapore Airlines looks forward to serving the country for the first time,” SIA executive vice president Mak Swee Wah said in a statement.

SIA will take over seven of the 16 flights run every week by its regional wing SilkAir from October 28, using 323-seat Boeing 777-200 aircraft to boost the group’s weekly seat capacity to Yangon by 55 percent.

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source:Business Recorder