PHNOM PENH, 14 May 2013: Cambodia Airlines plans to spend US$1.5
billion to acquire up to 22 planes, a move that might see the new
airline’s fleet size overtake that of national carrier Cambodia Angkor
Air.
According to Manila-based news network, Rappler, partners Philippine
Airlines (PAL) and a Cambodian tycoon will spend US$1.5 billion to
acquire new aircraft for Cambodia Airlines.
PAL’s part-owner San Miguel Corp and Cambodia Airlines will acquire
16 to 22 new aircraft to be used in code-sharing agreement flights
between the two airlines.
PAL president and COO Ramon Ang said: “We will deploy 16 to 22 aircraft as soon as the new airline is ready to fly.”
The code-sharing agreement will cover both short and long haul destinations.
PAL recently announced its partnership with Cambodia’s Royal Group of
Companies headed by business tycoon Okha Kith Meng to launch a new
international airline called Cambodia Airlines.
Philippine Airlines holds a 49% stake in Cambodia Airlines, while the local conglomerate Royal Group owns the rest.
1 comment:
Okha Kith Meng is another Sam Rainsy. Don't trust him.
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