Cambodian Prime Minister Hun Sen announced that the country's new national airline, Cambodia Angkor Air, had begun to make a profit.
The airline, which has capitalisation of US$100 million, was launched in July 2009 as a joint venture between the Cambodian government and Vietnam Airlines. Cambodia Angkor Air aims to promote Cambodia as a destination and boost tourism. "We expected the airline to make losses for two years, but now this airline is making profit because a lot of passengers are using it," Hun Sen said during a provincial ceremony.
Cambodia Angkor Air flies between tourist hub Siem Reap and Vietnam's Ho Chi Minh City. Tourism is one of the most important sources of foreign exchange for Cambodia, which is recovering from nearly three decades of conflict that ended in 1998. The kingdom aims to attract three million tourists annually by next year, and in 2009 attracted more than two million holidaymakers. A number of foreign airlines, including Japan Airlines and Qatar Airways, currently operate direct flights to Cambodia
The airline, which has capitalisation of US$100 million, was launched in July 2009 as a joint venture between the Cambodian government and Vietnam Airlines. Cambodia Angkor Air aims to promote Cambodia as a destination and boost tourism. "We expected the airline to make losses for two years, but now this airline is making profit because a lot of passengers are using it," Hun Sen said during a provincial ceremony.
Cambodia Angkor Air flies between tourist hub Siem Reap and Vietnam's Ho Chi Minh City. Tourism is one of the most important sources of foreign exchange for Cambodia, which is recovering from nearly three decades of conflict that ended in 1998. The kingdom aims to attract three million tourists annually by next year, and in 2009 attracted more than two million holidaymakers. A number of foreign airlines, including Japan Airlines and Qatar Airways, currently operate direct flights to Cambodia
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