Nov 24, 2012

FMI permitted to run private airline

The First Myanmar Investment Co.,Ltd. has obtained permit to operate a private airline, said Thein Wai, chairman of the company on November 22.

The FMI Air Charter was established on September 9, 2012, and offers daily flights between Yangon and the new capital Nay Pyi Taw. “Now, our company is permitted to operate a private airline. We will also extend charter flight schedules across the country,” said Thein Wai.

FMI was one of the earliest public companies formed, following the country’s adoption of market economy system and the promulgation of the Myanmar Investment laws in the early 90s.

Established in 1992, it became an instant success with local investors hungry for professional investment management.

Source: Eleven Media Group