http://www.cctv.com2009-07-31
Cambodian national airline -- Cambodia Angkor Air -- or CAA has been launched as a joint venture between Vietnam and Cambodia. The ceremony took place at Pochentong International Airport in Phnom Penh.
With the help of Vietnam Airlines, Cambodia launched the new national carrier, a 100-million-US-dollar venture with 3 aircraft, in a bid to boost the country's tourism sector.
Cambodia will hold 51 percent of CAA, and Vietnam the rest.
The airline will operate domestic flights from Cambodia's capital of Phnom Penh... to Siem Reap, site of the Angkor temples, the country's biggest tourism destination. And also to the coastal tourist town of Sihanoukville.
CAA is also looking to expand commercial flights to Vietnam and neighboring Laos. And the company expects to increase its fleet to 10 by 2015.
Cambodia's tourism sector contributes about 13 percent of the country's GDP. It also welcomes about 2 million tourists every year.
Cambodia has had no national carrier since Royal Air Cambodge went bankrupt in 2001.
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