Cambodia launches new airlineTuesday July 28, 2009
Source: ATW Daily News
Cambodia Angkor Air, a joint venture between the Cambodian government (51%) and Vietnam Airlines (49%), was launched at a Phnom Penh ceremony yesterday. Officials said the startup is capitalized at $100 million and will begin flying today to Siem Reap and Ho Chi Minh City with two ATR 72s, according to press reports from the capital. Deputy Prime Minister Sok An said the carrier will operate an A321 in the "near future," and eventually will serve Sihanoukville and Bangkok. The country's Royal Air Cambodge shut down in 2001.
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