Japan's ANA to buy stake in Burmese airline
Japan's All Nippon Airways (ANA) is venturing into Myanmar, which is also known as Burma.
In a deal valued at $25m (£16m), ANA is taking a 49% stake in local carrier Asian Wings Airways.
It is the first investment in a Myanmar-based commercial carrier by a foreign airline.
The BBC's Tokyo correspondent Rupert Wingfield Hayes reports on how the move is a key part of the ANA's expansion strategy.
28 Aug 2013
- From the section Business