News

SMC to invest 1.5 billion dollars in Cambodia Airlines

Diversified conglomerate San Miguel Corp. (SMC) will invest $1.5 billion for its airline venture in Cambodia, its top executive said yesterday. Cambodia Airlines will have about 20 aircraft in its fleet and add as much as $400 million revenues per year to Philippine Airlines (PAL), said ...

http://www.abs-cbnnews.com/business/05/10/13/smc-invest-15-billion-dollars-cambodia-airlines

Cambodian, Phl conglomerate sign deal to establish new airline

Cambodia Airlines, a majority-owned Cambodian company, and San Miguel Corp., the Philippines’ most diversified conglomerate, on Tuesday signed a joint venture agreement to set up a Cambodia-based airline – Cambodia Airlines – to service domestic and regional flights. The agreement was inked between Cambodian tycoon Kith ...

http://www.philstar.com/business/2013/04/02/926341/cambodian-phl-conglomerate-sign-deal-establish-new-airline

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