AviaSolutions Client Myanmar National Airlines takes delivery of brand new Boeing 737 as part of its International Strategic Growth Plan
SINGAPORE, June 16, 2015 — In February 2014, GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing and financing arm of GE, announced its AviaSolutions consulting business had signed a memorandum of understanding (MOU) with Myanmar National Airlines, the flag carrier of Myanmar, to create and advise on the implementation of a strategic growth plan for the airline.
Since then AviaSolutions has worked with the airline’s senior management on the project that includes an international expansion strategy utilizing the airline’s newly leased Boeing narrow bodies to serve the business and tourism sectors.
Yesterday,the Myanmar national carrier’s new Boeing 737 aircraft, the first of its new international fleet, arrived in Yangon ahead of international flights due to commence later this summer. Myanmar National Airlines (MNA) will be flying internationally for the first time in 22 years, initially to Singapore, followed by flights to other foreign cities.
With its brand new Boeing 737, the latest addition to the airline’s fleet of 10, along with five aircraft still on order, the national carrier is planning to expand internationally.
Three million people visited Myanmar in 2014 and it expects to welcome five million tourists in 2015. The last twelve months have seen the addition of an improved computerised reservations system, highlighting MNA’s ambition to become a major international airline in the regional aviation market.
Founded in 2001, AviaSolutions has deep knowledge and experience in the air transport industry, helping airports and airlines improve their operations at every level of the business. Since 2004, AviaSolutions has been involved in nearly every major airport transaction around the world on either the buy or sell side.
The AviaSolutions team includes aviation professionals with handson experience of the issues facing airports and airlines alike, combined with top-tier strategic consultancy principles and detailed financial modelling expertise. AviaSolutions has delivered projects in more than 50 countries across the world. www.aviasolutions.com
Established in 1948, Myanmar National Airlines is the only state-owned airline of Myanmar, currently serving all major domestic destinations from its main base at Yangon International Airport.
GE Capital Aviation Services (GECAS) is a world leader in aviation leasing and financing. With over 45 years of experience, GECAS offers a wide range of aircraft types including narrowbodies, widebodies, regional jets/props, freighters and helicopters, plus multiple financing products and services including operating leases, purchase/leasebacks, secured debt financing, capital markets, engine leasing, airframe parts management and airport/airline consulting. GECAS owns or services a fleet of over 2,200 aircraft (1,900 fixed wing/300 rotary wing) in operation or on order, plus provides loans collateralized on an additional 400 aircraft. GECAS serves over 270 customers in over 75 countries from a network of 24 offices. www.gecas.com
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