Jalux, Mitsubishi Corporation (MC), and Myanmar’s SPA affiliated group-company Yoma Development Group Limited, have signed a concession agreement with Myanmar’s Department of Civil Aviation (DCA) to operate Mandalay International Airport for 30 years.
Honeywell Aerospace and Hughes Aerospace are assisting Myanmar’s Yangon and Mandalay airports to use satellite-based technologies for optimising take-off and landing routes.
A consortium including Singapore's Changi Airport Planners and Yongnam Holdings Inc has been invited by the government of Myanmar to re-enter negotiations to build and operate a new international airport.
According to reports the Myanmar government has put half the Asian country’s airports up for sale.
The newly opened Naypyitaw International Airport serves capital Naypyitaw.
The government of Myanmar has awarded the contract to construct a new airport for commercial capital, Yangon, to a group of South Korean companies, in a deal worth an estimated $1.1 billion.
Myanmar’s Yangon International Airport (YIA) is predicting 20% annual growth.