Tonle Sap Airlines suspends its flights
Local charter carrier Tonle Sap Airlines has suspended flights until June, in what appears to be the latest of a series of disruptions affecting the airline, which has also recently encountered financial turbulence. The airline, which operates chartered flights from Siem Reap to China, Taipei, and Hong Kong, has suspended its services since April 29, and plans to resume them after June 3, the Taipei Times wrote last month. Chartered flights are typically hired via private arrangements with large tour groups or companies, while scheduled flights operate on fixed schedules. … Since this period is not Cambodia’s peak tourism season, [Air Explore Airlines CEO Martin Stulajter] speculated that Tonle Sap chose to suspend flights instead of “having its planes sitting there doing nothing”. But finance issues appear to have fueled Tonle Sap’s decision too. Tonle Sap ceased operations “with the intention of refinancing” itself, aviation website Ch-aviation said, without giving further details. … In February 2012, a plane leased by Tonle Sap was grounded after its lessor, a Taiwanese airline, said Tonle Sap still owed it about $105,000, leaving more than 200 tourists stranded for ten hours. In September 2011, a flight suspension by the airline left over 800 tourists stuck in China.
http://www.phnompenhpost.com/2013050965498/Business/tonle-sap-airlines-suspends-its-flights.html