Myanmar Boom Wanes as Overcapacity Bites | Aviation International News

Myanmar Boom Wanes as Overcapacity Bites

Once hailed as one of the world’s fastest growing markets, Myanmar’s aviation sector is suffering from overcapacity and a slowdown in growth.

Gyrostat (Wikimedia, CC-BY-SA 4.0)

By Jennifer Meszaros • Contributor - Asia

February 12, 2016

When Myanmar opened to the world back in 2012, the country experienced a rapid expansion in air travel. Thirteen foreign airlines carried roughly 2 million international passengers. By 2014, the international market had jumped to 3.2 million passengers traveling with nine foreign airline groups, bringing the total number of international carriers to 22.

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