Quarterly Business Magazine

Myanma Airways Signed Deals with ATR for Six Aircrafts and MRO Facility

Posted :
Friday, July 18, 2014

Yangon – On July 16, Myanma Airways signed contracts with French based aircraft company ATR to buy six aircrafts and establish a large-scale MRO facility in Myanmar.

With the agreement from the French government and the financial support from Italy’s EXIM Bank, Myanma Airways will acquire six ATR 72-600 aircrafts—one in 2015, three in 2016, and two in 2017 respectively.

In addition, as more ATR aircrafts come into use in Myanmar, to maintain these aircrafts, Myanma Airways and the aircraft manufacturer signed an agreement to establish a MRO facility at the Yangon Airport that can repair up to 18 aircrafts.

After the MRO facility is set up, local planes will not need to be transported abroad for maintenance, thus saving cost. Also, the facility can generate incomes by repairing aircrafts from neighboring countries, a director at Department of Civil Aviation.

The MRO facility project will begin three month after the signing of the contract and will be completed in three years, an official from Myanma Airways says.

The state-owned Myanma Airways has already signed agreements with GE from the United States to lease ten Boeing 737-800 aircrafts for its flights to Japan in 2015.

Like Myanma Airways, another local airline Air Mandalay also signed agreements to purchase more than ten MRJ190s aircrafts from the Japanese company Mitsubishi Aircraft Corp.

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