PAL still pursuing Cambodia venture

13 February 2014
Manila Standard Today
Airports and air travel / Economy and commerce / Foreign investors / Investment / Transport infrastructure and facilities
Cambodia Airlines / Inter Logistics (Cambodia) Co Ltd / Kith Meng / Logistics Co Ltd / Lucio Tan / PAL Holdings Inc / PAL president Ramon Ang / Philippine Airlines / Royal Group of Cambodia / San Miguel Corp

PAL Holdings Inc., the operator of flag carrier Philippine Airlines, said Wednesday it will pursue the plan to invest in Cambodia Airlines.

The airline operator said in a disclosure to the stock exchange the “ongoing preparations for the completion of the contemplated joint venture agreement between Philippine Airlines Inc. and Inter Logistics [Cambodia] Co. Ltd. relating to Cambodia Airlines Co. Ltd. are currently being conducted.”

PAL president Ramon Ang earlier said the company had to review the planned investment because of the lingering political tension in Cambodia and to check whether the project was still viable or not. …

 Lailany P. Gomez
http://manilastandardtoday.com/2014/02/13/pal-still-pursuing-cambodia-venture/