Vietnam Airlines sells its 49% stake in Cambodia Angkor Air

Vietnam Airlines has sold its 49 per cent stake in national flag carrier airline Cambodia Angkor Air to undisclosed buyers, State Secretariat of Civil Aviation (SSCA) spokesman Sin Chansereyvutha told the Council of Ministers on Thursday.

Also included in the sale were five A321 aircrafts with a total liquidation value of $37 million.

In its 2019 audited report, Vietnam Airlines cited difficult operating conditions and stiff competition from home-grown airlines as the main reasons for its decision to sell.

In full: https://www.thestar.com.my/news/regional/2020/04/17/vietnam-airlines-sells-its-49-stake-in-cambodia-angkor-air

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