Airline

ANA cancels plans to purchase 49% of Asian Wings

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ANA cancels plans to purchase 49% of Asian Wings

Japan's ANA Holdings has cancelled its plans to acquire a 49% stake in Myanmar’s Asian Wings Airways. In August 2013, ANA announced intentions to pay $25m for a stake in the Burmese carrier. ANA stated that said rising competition in Myanmar was one reason for cancelling the deal. The airline said...

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