via CAAI News Media
The Cambodian government will launch a national flag carrier in a joint venture with Indonesia’s Rajawali Group, the conglomerate announced in Jakarta on April 10.
PR Log (Press Release) – Mar 17, 2010 – The Cambodian government will launch a national flag carrier in a joint venture with Indonesia’s Rajawali Group, the conglomerate announced in Jakarta on April 10.
The two sides will set up a joint venture with capital of up to $50 million, with Cambodia’s government owning 51 percent of the shares, Rajawali said in a statement. “With a national flag carrier, we envisage our economy and tourism industry will grow rapidly,” Cambodia’s Deputy Prime Minister Sok An said in the statement.
More than 20 foreign airlines, including Japan Airlines and Dubai-based airline Emirates, currently operate direct flights to the Kingdom. (AFP) Contributed by The Phnom Penh Post
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