Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Angkor Airways suspends flights

Angkor Airways suspends flights

Angkor Airways has suspended flights indefinitely between Siem Reap and Taipei due to financial woes stemming from the detention of a top company executive on criminal charges in Taiwan, the airline’s branch office in Taiwan announced May 9.

Alex Lou, executive director of the Taiwan office, was solely responsible for sourcing funding for operations and his detention means the Cambodia-based airline can no longer afford to operate flights, The Taipei Times reported, citing an unnamed company official.

Lou was detained following questioning by prosecutors in Taipei on May 1 as part of their investigation into an embezzlement scandal at Taiwan’s debt-ridden Fast Eastern Air Transport (FAT), from which Angkor Airways leases planes.

Taipei prosecutors suspect that top-ranking managers at FAT pocketed company funds and purposely let Angkor Airways delay paying NT$700 million (US$22.6 million) owed for leasing aircraft.

Angkor Airways operated 20-23 chartered flights between Taipei and Siem Reap per month and the suspension of flights stranded hundreds of Taiwanese tourists in Cambodia.

The airline’s problems were compounded on May 12 when nine Taiwan-based travel agencies filed accusations of fraud against Lou, claiming they faced total losses of more than US$3.2 million caused by the abrupt halt of flights, the China Post reported.

0

Comments

Please, login or register to post a comment

Latest Video

Turkish Embassy calls for closure of Zaman schools

With an attempted coup against the government of President Recep Erdogan quashed only days ago and more than 7,000 alleged conspirators now under arrest, the Turkish ambassador to Cambodia yesterday pressed the govern

CNRP lawmakers beaten

Two opposition lawmakers, Nhay Chamroeun and Kong Sakphea were beaten unconscious during protests in Phnom Penh, as over a thousand protesters descended upon the National Assembly.

Student authors discuss "The Cambodian Economy"

Student authors discuss "The Cambodian Economy"

Students at Phnom Penh's Liger Learning Center have written and published a new book, "The Cambodian Economy".