Sunday, March 13, 2011

MAI bought a "New" Airplane

Cyprus Airways Ltd sold an A320 airplane to Myanmar Airways International (MAI) Co Ltd for $6 million, according to an e-mailed statement from the Cyprus Stock Exchange today. The transaction will generate an accounting profit of about €1.6 million , according to the statement. Though MAI bought an old airplane, it is normally stated in Burmese state-run newspapers as follows.

"NEW AIRPLANE ORDERED BY Myanmar Airways International ARRIVES AT YANGON INTERNATIONAL AIRPORT".

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