Myanmar’s largest city and commercial centre Yangon has begun operations of its first private aviation FBO in a joint venture between MJets, a Thai-based FBO and private jet operator, and local enterprise Wah Wah Group.
The joint venture is also supported by Myanma Airways, the national carrier of Myanmar and Myanmar’s Department of Civil Aviation.
The facility, known as Myanmar MJets Business Aviation Center (MMBAC) is located next to the domestic terminal at Yangon International Airport a covers a 2,800 sq ft area that includes an executive lounge, four crew day rooms and a flight planning office.
The two-storey building also has direct access to the Myanmar Airways hangar, where visiting private jets can park.
Ramp services will be provided by Myanmar Airways under an operational support agreement with MMBAC.
The inauguration of the new facility comes as Myanmar’s economy strengthens.
The WordBank are forecasting GDP growth in the country to reach 7.8 per cent in both 2014 and 2015, and Foreign Direct Investment in the country doubled between 2012 and 2013.
“There have been many wealthy and discerning aircraft owners requesting VIP treatment at Myanmar airports which I could not provide because facilities like what MMBAC has built simply did not exist,” said founder and chief executive officer of Wah Wah Ohn Myint.