CAMBODIA - To Get New Airline

aero-news.net, 26 Nov 2007

The Cambodian government signed a joint venture agreement with two Indonesian companies Friday, to form a new national airline to exploit the country's growing tourism industry.
The new Cambodian airline, with no name at this time, is expected to begin flying in six months, according to The Associated Press. Cambodia's previous flag carrier, Royal Air Cambodia, went bankrupt five years ago.The joint-venture agreement was signed between Cambodia with Rajawali Group and PT Ancora International. The Indonesian partners' businesses include cigarettes, cement, telecommunications, hotels, resorts, extractive minerals and airlines, according to officials with both companies.

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