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



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.

MOST VIEWED

  • First Khmer woman to pass out of West Point

    The life of a soldier certainly isn’t for everyone. The training is gruelling, the hours long and there’s no room for excuses. On top of that, soldiers must be ready to respond to sudden threats at a moment’s notice. Just ask Sithyka

  • Tourists urged not to skip trip

    The Ministry of Tourism has called on international tourists not to cancel trips to Cambodia, but urged them to adhere to several dos and don’ts when arriving in the Kingdom during the Covid-19 pandemic. The ministry released an eight-point instruction manual on Wednesday published

  • The taxman cometh – Cambodia’s capital gains tax casts the net on individual taxpayers

    In a country where only limited personal income tax existed, the new taxation law beginning January 1, 2021, will make taxpayers out of Cambodians, whether they are ready for it or not About two years ago, a little known amendment was made to Article 7 of the Law

  • Cambodian-American gets Star Trek treatment

    Kevin Ung, a Cambodian-American whose family escaped genocide during the Khmer Rouge’s reign of terror, was recently selected from thousands of applicants to participate in the Television Academy Foundation’s inaugural 2020 Star Trek Command Training Programme, a course intended to give hands-on filmmaking experience

  • Cambodia seeks to be transport hub

    Cambodia is working on several fronts to modernise its transport infrastructure and services, concentrating on opening new international gates to relieve and balance traffic congestion at its borders, Minister of Public Works and Transport Sun Chanthol said on Thursday. This is part of the Kingdom’

  • Deminers unearth ancient lion statue

    Cambodia Mine Action Centre (CMAC) director-general Heng Ratana told The Post on Tuesday that a statue of a lion was found by mine clearance experts while they were digging for a development project. It was sent to the Ministry of Culture and Fine Arts last