Cambodia’s new airline gets US$100m boost
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The new Cambodian national carrier, Cambodia Angkor Air (CAA), which is set to be launched this week, will receive a US$100 million initial investment, Pham Ngok Minh, CEO of Vietnam Airlines, the airline’s joint venture partner, was reported saying. The Phnom Penh Post reported that CAA will be 51% owned by the government and 49% by Vietnam Airlines, according to the agreement.
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