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Article: Travel Business News - Asia / Pacific.
- Article from:
- AirGuide Business
- Article date:
- April 21, 2008
CopyrightCOPYRIGHT 2008 Pyramid Media Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Apr 21, 2008
Cambodia
The Cambodian government and Indonesiais Rajawali Corporation have agreed to join forces to create a new national airline to serve Cambodia's burgeoning tourism industry. The Cambodian government will own 51 percent of the joint-venture company, while Rajawali Group will own the rest. In the mid-1990is Cambodia inaugurated its own national flag carrier, Royal Air Cambodge, which went bankrupt, resulting in heavy losses for the government. The new carrier will inherit a brighter tourism pictureoCambodia attracted more than two million tourists last year, an increase of 19 percent over 2006. Even more promising is the increase of air ...