News

For Royal Group, sale not desired

Executives from Australia and New Zealand Banking Group Limited (ANZ) and local partner Royal Group of Companies (RGC) both went into damage control yesterday after comments by ANZ chief executive officer Mike Smith suggesting the joint banking venture between the two was on the rocks. Royal ...

Daniel de Carteret
http://www.phnompenhpost.com/business/royal-group-sale-not-desired

PAL still pursuing Cambodia venture

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 ...

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

One airline is enough: report

Cambodia’s aviation sector doesn’t need a second domestic carrier, according to a new report from the Australia-based Centre for Aviation (CAPA). The report, published yesterday, is the latest instalment in a two-part analysis of the country’s aviation industry, and focuses on Cambodia Airlines, the Royal Group ...

Eddie Morton
http://www.phnompenhpost.com/business/one-airline-enough-report

PAL reassesses Cambodia plan

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 ...

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

PAL vows to pursue Cambodia airline deal with local tycoon

Philippine Airlines continues to pursue talks to form a new Cambodian flag carrier with local telecommunications, banking and property tycoon Kith Meng despite missing a deadline to close the deal for a second time this week, its top executive said. PAL president Ramon S. Ang said ...

Business Inquirer Net News Staff
http://business.inquirer.net/148155/pal-vows-to-pursue-cambodia-airline-deal-with-local-tycoon

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

Cambodia Airlines to add planes

Cambodia Airlines plans to spend $1.5 billion to acquire up to 22 planes, a move that might see the new airline’s eventual fleet size overtake that of national carrier Cambodia Angkor Air. “We [will be] starting to deploy 16 to 22 aircraft immediately once it’s ready ...

http://www.phnompenhpost.com/2013051065531/Business/cambodia-airlines-to-add-planes.html

Arrivals of tourists up 20 per cent

Arrivals at the Kingdom’s two main international airports rose more than 20 per cent year on year in the first quarter of 2013, according to data from Cambodia Airports. Officials said the rise reflects the normalisation of the world economy and the country’s political stability. According ...

http://www.phnompenhpost.com/2013042965288/Business/arrivals-of-tourists-up-20-per-cent.html

Koh Rong airport plans foggy

Plans are in place for a new $10 million international airport on Koh Rong island, but questions remain as to when construction would commence and when funding would be available. Designs for the roughly 7,200-square-metre airport terminal, which will consist of Khmer- and resort-style architecture, were ...

http://www.phnompenhpost.com/2013040564911/Business/koh-rong-airport-plans-foggy.html

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

Tiger Airways launches daily service to Singapore

Direct daily flights between Phnom Penh and Singapore started yesterday with the first Tiger Airways flight departing at 8:30am and landing in Singapore at 11:30am, kicking off a seven-days-a-week low-cost service. The company is offering a special price of US$38 one-way from Phnom Penh to Singapore ...

http://www.phnompenhpost.com/index.php/2012100259032/Business/tiger-airways-launches-daily-service-to-singapore.html

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