Golden Myanmar Airlines is planning to sell shares in its parent company this month.
Once the airline begins operating in early 2013, it plans to fly from Mandalay International Airport to several international destinations.
"Initially we established Golden Myanmar Airlines Public Company with some shareholders. The next step to invite shareholders (to apply to buy shares) will take place very soon," said U Khin Maung Aye, chairman of Co-operative Bank and Kaung Myanmar Aung Business Development Enterprise.
Shares would cost K10,000 (US$11.50) each.
U Thein Tun, chairman of Myanmar Golden Star, and U Aung Gyi, a former managing director of MAI, will be board members of the company and are two of the 15 main shareholders.
Golden Myanmar Airlines to sell shares
