Just before the 2010 general elections, the government sold an 80% stake in MAI to one of the biggest private bank in Myanmar, Kanbawza Bank Ltd and 20% is retained by state-owned domestic carrier, Myanma Airways. MAI did not have any aircraft of its own and had to lease short-haul aircraft from neighbouring countries when it was under Myanma Airways. It was in 2009 that MAI received its first own fleet and second aircraft joined later that year. Since then, MAI has been expanding its fleet and currently the flag carrier has total of 5 Airbus A320s and 2 Airbus A319s. It also leased Airbus A321s from Air Méditerranée in the winter of 2010-2011 and deployed them on Bangkok-Singapore services. Non-hub routes between Bangkok-Singapore and Siem Reap-Phnom Penh were successfully inaugurated in 2010 and 2011 respectively.