The government has accepted to take back the management of Nay Pyi Taw International Airport from Asia World Company, the current contractor, which cited financial losses for the contract termination.
The airport handover contract will be made next week.
Since 2013, Pioneer Aerodrome Services Co Ltd, under Asia World, has looked to terminate the contract because so few airlines use the airport. A deputy director from the Department for Civil Aviation in November 2013 said the issue was still under discussion.
The decision to scrap the contract was reached on December 28.
Despite the airport handover, Pioneer Aerodrome will make a new contract to continue to provide services at the airport. (Courtesy of Eleven Myanmar)
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