Friday, 11 April 2008

Government Inks Deal on National Airline

By Chun Sakada, VOA Khmer
Original report from Phnom Penh
10 April 2008

Cambodia has signed an agreement with an Indonesian company to bring back a national airline, following the bankruptcy of Royal Air Cambodge in 2001.

The government signed a deal with the Rajawali Group, which plans to invest $50 million in a 49 percent stake in the airline, according to a joint statement Thursday.

The advent of a national carried is hoped to bring a rapid increase in tourism, Council Minister Sok An said in the statement.

Cambodia saw more than 2 million visitors in 2007, and the government expects 3 million by 2010 and 5 million by 2015.

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