Cambodia Hungry for More Foreign Investment in Airlines

The Cambodian government continues to solicit investment from foreign companies, particularly in China, to establish start-up carriers beyond the nine that already operate in the kingdom. According to Cambodia State Secretariat for Civil Aviation official Sinn Chansereyutha, the country needs further transportation capital to support its growing tourism industry.

The nine existing airlines—Cambodia Airways, Cambodia Angkor Air, Sky Angkor Airlines, JC International Airlines, Lanmei Airlines, Small Planet Airlines, KC International Airlines, Bassaka Air, and Cambodia Bayon Airlines—operate a total of 40 aircraft. China-based companies hold equity stakes in Cambodia Airways, JC International, and KC International, while Chinese interests completely own Lanmei Airlines and Cambodia Bayon Airlines. Cambodia Angkor Air is a Cambodia-Vietnam Airlines joint venture while Sky Angkor Airlines is Cambodia-Korea JV. Thai investors own Small Planet Airlines and Cambodians own Bassaka Air.

Read the full story: https://www.ainonline.com/aviation-news/air-transport/2018-09-19/cambodia-hungry-more-foreign-investment-airlines

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