Logo of Phnom Penh Post newspaper Phnom Penh Post - CAA turning a profit, says PM Hun Sen

CAA turning a profit, says PM Hun Sen

CAA turning a profit, says PM Hun Sen

PRIME Minister Hun Sen said Thursday that Cambodia Angkor Air (CAA) was turning a profit ahead of schedule, with a top aviation official adding that the national carrier was operating at near capacity.

“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, without giving any figures.

Soy Sokhan, undersecretary of state in charge of CAA at the State Secretariat of Civil Aviation, also did not give earnings figures. But he said the five-month-old airline had boosted its load factor from a low of 25 percent in July to between 80 percent and 90 percent – pushing the airline into the black.

The US$100 million joint venture between the government and Vietnam Airlines made its maiden flight July 28.

Its main route between Phnom Penh and Siem Reap was initially shared with Bangkok Airways, but the Thai-based carrier’s licence to fly domestic routes was not renewed when it expired on October 25, giving CAA a monopoly. CAA also flies to Ho Chi Minh City.

MOST VIEWED

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM takes time to meet, greet Cambodians living in the US

    After landing in the US ahead of the ASEAN-US Special Summit, Prime Minister Hun Sen was received by over 1,000 Cambodian-Americans including political analysts who welcomed him with greetings, fist bumps and selfies. Hun Sen also met with analyst Mak Hoeun, who had allegedly spoken ill

  • Khmer cinema classics back on big screen for free at WB Arena’s outdoor movies series

    On a recent Saturday evening at WB Arena, Bunsong was enjoying a tasty BBQ meal with his family after work on the long tables that had been arranged out in front of the restaurant as they watched a Khmer action movie on a big outdoor

  • PM heads to Washington for ASEAN-US special summit

    Regional and international issues and how to bring the ASEAN-US partnership to another level will be discussed at length as Prime Minister Hun Sen and his ministers arrive in Washington, DC, for a special summit on May 12-13. During the trip, Hun Sen and ASEAN

  • National Assembly refutes EU resolution

    The National Assembly (NA) has hit back at a European Parliament resolution condemning the political and human rights situation in Cambodia, calling it another display of the Parliament’s “double standards”. Key points of the resolution include a warning that the Parliament could exclude the