BUSINESS - Jalux, Mitsubishi to run Mandalay airport

Japanese firms Jalux Inc and Mitsubishi Corp have signed a joint venture to operate Mandalay International Airport, according to Japan Times, citing the transport ministry. The joint venture, named MC-Jalux Airport Services Co, will be owned 45.5 percent each by Japan Airlines affiliate Jalux and Mitsubishi, with the remainder going to an unnamed domestic firm. The contract is for 30 years, starting as soon as early 2015, the report said.