The Myanmar Times
Sunday, 26 October 2014
The Myanmar Times
The Myanmar Times

Air KBZ gets new aircraft with Danish financing

Domestic airline Air KBZ has added a new aircraft to its fleet with financing from a Danish firm. On February 11 the ATR72-600 plane was officially handed over to the airline by its manufacturers, the French company ATR.

The handover ceremony in Toulouse, France, was attended by senior management from Air KBZ, ATR and Nordic Aviation Capital (NAC), a Danish finance and leasing company that financed the transaction. NAC has also entered into an agreement with Air KBZ for a second ATR 72-600 aircraft to be delivered in June.

The 68-seater plane is the airline’s fifth, and will be used to expand existing routes and add new destinations, including Bhamo and Putao in Kachin State, in March. The airline also says it plans to fly to Chiang Mai in northern Thailand.

“Myanmar is quickly becoming an important business centre in the Southeast Asian region. We look forward to doing more business together in the future,” said Mr Mats Ericson, head of sales for Asia at NAC.

“We are pleased to welcome the new ATR 72-600 to our existing young fleet,” added Air KBZ deputy managing director U Khin Maung Myint.