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Airlines

Name: GOLDEN MYANMAR AIRLINES
7JetSet7 Code: GMY
Status: Operational
Region: ORIENT
City: YANGON
Country: MYANMAR
Employees 127
Web: gmairlines.com
Email: info@gmairlines.com
Telephone: +95 1 8604035
Fax: +95 1 533272
Sita:
Background
(definitions)

Click below for data links:
GMY-2014-05-YANGON INTNL-A
GMY-2014-05-YANGON INTNL-B
GMY-2014-05-YANGON INTNL-C
GMY-2014-05-YANGON INTNL-D
GMY-2014-10 - TO CHIANG MAI
GMY-LOGO -2013-12
GMY-ROUTE MAP DOMESTIC - 2013-12
GMY-ROUTE MAP INTERNATIONAL - 2013-12

Formed and started operations in 2012. Start-up, domestic, regional & international, scheduled & charter, passenger & cargo jet airplane services operates in cooperation with Singapore-based TigerAir (TGR).

Address:
Ground Floor, Saya San Plaza
New University Avenue Road
Bahan Township, Yangon, Myanmar

MYANMAR (UNION OF MYANMAR) WAS ESTABLISHED IN 1948, IT COVERS AN AREA OF 676,552 SQ KM, ITS POPULATION IS 47 MILLION, ITS CAPITAL CITY IS YANGON, AND ITS OFFICIAL LANGUAGE IS BURMESE.

August 2012: Golden Myanmar Airlines (GMY) was established and formed by 15 investors including Khin Maung Aye Chairman of the Cooperative Bank (CB) Bank, Kaung Myanmar Aung Business Development Enterprise, and the Myanmar Golden Star.

Thein Tun, Chairman of Myanmar Golden Star, and Aung Gyi, a former Managing Director of Myanmar Airways International (BRM), are board members of the company, and are some of the 15 main shareholders.

January 2013: Launched flight operations.

March 2013: Golden Myanmar Airlines (GMY) inaugurated services on the route from Yangon (RGN) to Singapore (SIN) on March 15th. Daily A320-operated flights face competition from incumbents: Silkair (SLK) (11x weekly frequencies), Myanmar Airways International (BRM) (10), Jetstar Asia (JSA) (7), and Singapore Airlines (SIA) (7).

October 2013: Golden Myanmar Airlines (GMY) plans domestic and international expansion as its fleet grows from one to 4 airplanes. (GMY) is preparing for a major expansion phase as the low-cost carrier (LCC) start-up adds over the next 5 months a 2nd A320 and 2 ATR 72-600s.

The additional capacity will be primarily used to expand Golden Myanmar (GMY)’s domestic network, which currently consists of just one route. (GMY) will also add capacity on its only two international routes, Yangon to Bangkok and Singapore, but has decided against launching new scheduled international services in this phase of its development.

As Myanmar’s first (LCC), Golden Myanmar (GMY) is well positioned to take advantage of the huge opportunities in its local market. But there are also challenges, as intense competition in the Myanmar market has resulted in over-capacity in most domestic and international routes.

December 2013: Golden Myanmar Airlines (GMY) is a start-up airline operating scheduled domestic and international passenger services from Mandalay and Yangon, operating in co-operation with Singapore-based TigerAir (TGR).

(IATA) Code: Y5. (ICAO) Code: GMR - (Callsign - GOLDEN MYANMAR).

Parent organization/shareholders: Cooperative Bank Ltd and Kaung Myanmar Aung Business Development Enterprise.

Company slogan: "every day we do is for your satisfaction."

Main Base: Mandalay International Airport.

Hub: Yangon Mingaladon International Airport (RGN).

Destinations:

* India (in future plans)

Imphal - Imphal Airport;

* Myanmar

Mandalay - Mandalay International Airport
Naypyidaw International Airport
Yangon - Yangon Mingaladon International Airport (RGN);

* Singapore

Singapore Changi Airport;

* Thailand

Bangkok Suvarnabhumi Airport.

October 2014: On October 2nd Golden Myanmar Airlines (GMY) launched flights to its 3rd international destination, Chiang Mai in Thailand - - SEE ATTACHED - - "GMY-2014-10 - TO CHIANG MAI." Services to Singapore and Bangkok were introduced in 2013. The new route will be operated 3x-weekly using (GMY)’s A320s.

(GMY) has started operating domestically between Yangon (RGN) and Thandwe (SNW). On October 4th, (GMY) began 3x-weekly flights (Tuesdays, Fridays, Saturdays) on the short, 256 km route utilizing its ATR 72-600s. Competition on the route comes from Air Mandalay which serves the market daily, with ATR 42s.

Golden Myanmar Airlines (GMY) is a relatively new airline looking to establish itself in the rapidly developing Myanmar market. Operations began in 2013 and (GMY) now operates a mixed fleet of 2 Airbus A320s and 2 ATR 72-600s. (GMY)’s 1st 3 routes, all from Yangon, were to Bangkok, Mandalay, and Singapore operated by the airline’s 1st A320. Routes to Hong Kong and Kuala Lumpur which were shown in (GMY)’s in-flight magazine (EazyFly) of mid-2013 as ‘future route’ have yet to materialize. A 2nd A320 joined the fleet in mid-October 2013.

This summer 2 ATR 72-600s joined the fleet, 1 in May and 1 in June, although according to a press release (June 4, 2013) from Air Lease Corporation (ALE) these airplanes were originally planned to join the airline in January and March of this year. These smaller airplanes, more suitable for domestic operations, have enabled (GMY) to launch over 12 routes this summer spread right across the country. According to (GMY)’s on-line booking tool, a total of 11 domestic airports are served. The airport pairs currently on sale are:

* Bhamo (BMO): to Mandalay
* Heho (HEH): to Mandalay, Nyaung U, Tachileik, Yangon
* Lashio (LSH): to Tachileik
* Mandalay (MDL): to Bhamo, Heho, Myitkyina, Nyaung U, Putao, Tachileik, Yangon
* Myitkyina (MYT): to Mandalay, Putao
* Naypyitaw (NYT): to Yangon
* Nyaung U (NYU): to Heho, Mandalay, Yangon
* Putao (PBU): to Mandalay, Myitkyina
* Tachileik (THL): to Heho, Lashio, Mandalay
* Thandwe (SNW): to Yangon
* Yangon (RGN): to Heho, Mandalay, Naypyitaw, Nyaung U, Thandwe

In total, that makes 15 domestic airport pairs. Airports shown on the airline’s website route map that are not yet served are Kyaing Tong / Kengtung (KET) and Myeik (MGZ). There is no indication at present regarding future fleet development plans.

Fleet:
(definitions)

Click below for photos:
GMY-A320-232 - 2013-10
GMY-A320-232 - 2013-12

November 2017:

1 A320-232 (V2527-A5) (1407, /01 XY-AGS), EX-(EI-EUE), EX-(BMA) 2012-12. 180Y.

1 A320-232 (V2527-A5) (2128, XY-AGT - - SEE PHOTO - - "GMY-A320-232 - 2013-12"), EX-(P4-PAS) 2013-12, 180Y.

2 ORDERS (2014-01) ATR 72-600:

Management:
(definitions)

KHIN MAUNG AYE, CHAIRMAN.

 
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