News
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/
Royal Group Says Cambodia Air Still on Track
Local conglomerate Royal Group has denied that its join venture with Philippine Airlines (PAL) to create Cambodia’s second national carrier has stalled, despite recent remarks by PAL’s president that his company has delayed its investment due to the current political tension here. On Thursday, PAL’s president ...
Joshua Wilwohl
http://www.cambodiadaily.com/business/royal-group-says-cambodia-air-still-on-track-51082/
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
PAL expects Cambodia Air deal to push through
Flag carrier Philippine Airlines (PAL) expects no more delays in the completion of the deal with Royal Group of Cambodia (RCG) to form Cambodia Airlines Co. Ltd. Yes, it should be done,” said PAL President Ramon Ang in a text message, when asked if the ...
Lenie Lectura
http://www.abs-cbnnews.com/business/09/26/13/pal-expects-cambodia-air-deal-push-through
PAL to complete investment in Cambodia Air in July
PAL Holdings Inc., operator of flag carrier Philippine Airlines Inc., said Monday it expects to complete a $10-million investment in Cambodia Air by July 15 this year. PAL teamed up with Royal Group of Cambodia in April to establish its first international airline venture known as ...
http://manilastandardtoday.com/2013/05/28/pal-to-complete-investment-in-cambodia-air-in-july/
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 ...
