Myanmar’s FMI Air suspends service pending restructure

Myanmar-based FMI Air has suspended flights until the company completes a restructuring program. FMI Air has become the latest airline in Myanmar to suspend passenger operations. The privately owned airline ceased scheduled services July 20 and will stop all charter flights after July 23. The Yangon-based airline operates two ATR 72-600s and two Bombardier CRJ200s, serving six destinations in Myanmar. “Operating in Myanmar’s aviation sector has become increasingly challenging and, after much deliberation, we have decided to temporarily suspend the operations of FMI Air,” the airline’s chairman U Thein Wai said. He added that the airline would undergo restructuring and make changes to its operating model to meet market demands; it will relaunch in the future depending on conditions. FMI Air is the third Myanmese airline to suspend operations recently.<br/>