Indonesia's flagship carrier, Garuda Indonesia, has signed a code-share agreement with Myanmar Airways. Myanmar (or Burma) is located to the west of Thailand, bordering Bangladesh, India, China and Laos. The code-share agreement will enhance Garuda's network in Southeast Asia and also help to encourage further economic activity between Indonesia and Myanmar.
The code-share agreement means both carriers will connect passengers between Jakarta and Yangon through their hubs in Singapore and Bangkok respectively. The collaboration will start next month.
Around 55,000 passengers travel between Indonesia and Myanmar each year for business and pleasure.
The potential of Myanmar as a market for Garuda is also promising given that it is slowly opening up its economy. Myanmar has been slowly opening up to the world. Myanmar's new stock exchange, the Yangon Stock Exchange, will replace the Myanmar Securities Exchange Centre (MSEC) and is set to launch in October 2015 with three companies listed.