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Bloomberg
ANA Holdings Inc. is attempting to set up a venture in Myanmar for the third time after previous efforts collapsed, as Japan’s largest carrier seeks to capture demand in one of Asia’s fastest-growing economies.
“We’re going to find a new partner again,†Shinya Katanozaka, chief executive officer of ANA Holdings, said in an interview in Tokyo.
“Even though this is going to be our third attempt, we didn’t even think about giving up on the plan.â€
ANA is betting on a surge in international travel from the Southeast Asian country as economic growth picks up pace. Myanmar is emerging from decades of isolation imposed by its military dictatorship, with companies from the US to Europe and China lining up to invest.
“Like Japan in the past, Myanmar’s middle class will grow rich and
start to enjoy overseas travels,†Katanozaka said.