PAL reassesses Cambodia plan

23 January 2014
Manila Standard Today
Airports and air travel / Communications / Communications policy and administration / Economy and commerce / Government / Infrastructure / International relations / Investment / Transport and shipping / Transport infrastructure and facilities
Cambodia Airlines / Cebu / Davao / Inter Logistics (Cambodia) Co Ltd / Kith Meng / Lucio Tan / PAL Holdings Inc / Philippine Airlines / Ramon Ang / Royal Group of Cambodia / San Miguel Corp

PAL Holdings Inc., the operator of Philippine Airlines, is reviewing investment plans in Cambodia Air, after it deferred twice the completion of the joint venture with Inter Logistics (Cambodia) Co. Ltd. … PAL said earlier it teamed up with Royal Group of Cambodia to establish its first international airline venture known as Cambodia Airlines. PAL was supposed to invest $10 million in Cambodia Air for a 49-percent interest in the company. … The flag carrier, under the agreement, would own a 49-percent stake in Cambodia Airlines while RGC, headed by Neak Oknha Kith Meng as chairman, would own the remaining 51 percent. …

 Lailany P. Gomez
http://manilastandardtoday.com/2014/01/23/pal-reassesses-cambodia-plan/