Vietnam Air Sells Cambodian Angkor Air Stake

Cambodia News, Phnom Penh: According to the Vietnam Express on May 31, Vietnam Airlines has sold a 35% stake in Cambodia Angkor Air for $ 35 million.

In 2009, Vietnam Airlines bought a 49% stake in Cambodia Angkor Air, a joint venture between the Royal Government of Cambodia and Vietnam Airlines, and pledged to help improve the company.

In 2020, Vietnam Airlines decided to sell its stake again due to the outbreak of the Covid-19 crisis. The company will now divest its remaining 14% stake by the end of 2022. Vietnam Airlines' losses reached 21.98 billion VND or about 955.6 million USD last year, similar to its premium capital.
CEN

Jetstar Asia expands regional network
By TTG Asia
/ Posted on 3 June, 2022 13:31

Jetstar Asia will operate 11 additional services a week from Singapore to six cities in Asia – Bali, Danang, Manila, Penang, Phuket and Phnom Penh.

The additional services provide more opportunities for fully vaccinated travellers to travel freely within the region.
Jetstar Asia increases services to six destinations

Services to Penang will now include two new weekday flights and one new Saturday service; for Manila, there will be three double daily services on Tuesdays, Thursdays, and Saturdays; and a new Friday evening service to Danang.

Starting from June 6, Jetstar will add a Monday service to its line-up of services to Phuket; and from June 7, there will be an additional weekday service to Phnom Penh.

The airline will operate daily services from Singapore to Bali from June 13.

Customers who book flights before June 30, 2022 will get a ‘fee free’ date change when travelling before August 31, 2023. Jetstar has also extended credit vouchers for use until December 31, 2022, for flights up to the end of 2023.
https://www.ttgasia.com/2022/06/03/jets ... l-network/

Singapore Airlines has started operating its new 737Max planes into PNH and REP.

China firm buys into flag carrier
May Kunmakara | Publication date 05 June 2022 | 21:15 ICT
The reorganisation of Cambodia Angkor Air’s shareholders will enable it to play a role as a national carrier in expanding flights to new cities and destinations around the region and globally, said Pacific Asia Travel Association (PATA) Cambodia chapter chairman Thourn Sinan.

Sinan said in the past, national flag carrier Cambodia Angkor Air had not operated as a national airline because it had not made connections to other major cities and destinations, allowing the private airlines to expand their networks there.

“I am not concerned about who buys a stake, but it is important if the airline decides to become a national carrier. They should connect to large and new markets in order to open up destinations for private airlines to connect to later,” he said.

Sinan was commenting on Vietnam Airlines’ divestment of 35 per cent stake in Cambodia Angkor Air to a Chinese firm for $34 million via a share transfer agreement on May 31.

According to Fresh News, which quoted VnExpress, the divestment has left Vietnam Airlines with only 14 per cent stake in Cambodia Angkor Air, removing it as a subsidiary to the former.

Meanwhile, Tek Reth Samrech, chairman of Cambodia Angkor Air, told Fresh News on June 3 that Vietnam Airlines had been in talks to sell its stake prior to Covid-19, but the sale was delayed until recently.

Reth Samrech said the divestment to a Chinese company would help Cambodia Angkor Air’s business become “stronger and more vibrant”.

This was because the Chinese company that acquired the 35 per cent stake in Cambodia Angkor specialises in civil aviation and is the third largest state-owned Chinese company operating in the tourism sector.
“The Chinese company’s entry will help Angkor Air’s business operations, particularly by getting it ready to receive Chinese passengers as China is at the end of the tight Covid-19 measures and might open access, as it was before Covid-19,” he said.

Cambodia Angkor Air is currently owned by three different shareholders – 51 per cent owned by Cambodian government, 35 per cent owned by the new Chinese firm and 14 per cent owned by Vietnam Airlines.
https://www.phnompenhpost.com/business/ ... ag-carrier

30 July- Nok Air Boeing 737-800 skids off the runway and undercarriage collapses at Chiang Rai. Then the captain keeps all on board for one hour with no lighting or aircon.
https://www.bangkokpost.com/

This is how the company spun the incident
https://www.thaipbsworld.com/nok-air-ca ... hiang-rai/

Comments from the pros at prune
https://www.pprune.org/rumours-news/648 ... rsion.html