Channel News Asia
PHNOM PENH: Cambodian Prime Minister Hun Sen on Thursday said the country's new national airline, Cambodia Angkor Air, had begun to turn a profit, raising hopes it would not fail like its predecessor.
The airline, which has capitalisation of US$100 million, was launched in July following the failure of a previous effort in 2001.
Cambodia Angkor Air, a joint venture between the government and Vietnam Airlines, aims to promote Cambodia as a destination and boost tourism.
"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 during a provincial ceremony.
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