SMC president Ramon S. Ang. AP FILE PHOTO
Thursday, May 9th, 2013
MANILA, Philippines — Conglomerate San Miguel Corp. and its
Cambodian partner are planning a $1.5-billion maiden fleeting program
for their newly created Cambodian Airlines for the next two years.
About 16 to 22 aircraft would likely be deployed by Cambodian
Airlines within the next two years, said Ramon S. Ang, president of San
Miguel Corp. and flag carrier Philippine Airlines.
Last month, PAL struck a deal to help set up the new airline in Cambodia in partnership with local tycoon Okhna Kith Meng.
At the sidelines of the stockholders meeting, Ang said Cambodian
Airlines would also enter into a “code-sharing” arrangement with PAL
through which the local flag carrier could earn additional revenues of
$300 to $400 million per year.
“Code-sharing” is a reciprocal agreement through which two or
more airlines offer their passengers a single booking, ticket and
check-in flight to a certain destination and only one of these airlines
services them.
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