Vietnam Airlines, the 49 percent shareholder of the Cambodian national airline, Cambodia Angkor Air, has said that it is looking to divest its shares in the airline. Cambodia Angkor Air currently has five A321 aircraft and is said to be currently in an advanced stage of negotiations to sell the aircraft and the stake to an undisclosed buyer, rumoured to a Cambodian registered private airline.

 

 

In its audited report for 2019, Vietnam Airlines has said that difficult operating conditions, stiff competition by home grown airlines has pushed the founding partner to opt for the sell decision. But the challenge will be to find a buyer when airlines are grounded, and the Covid-19 shows few signs of receding in the short-term. 51 of the shares in Cambodia Angkor Air belongs to the Cambodian government.

 

This will be yet another failure for Cambodia’s aspirations to have its own flag carrier as previous joint ventures also failed, such as Royal Air Cambodge in the 1990’s. Then, it was a joint venture between the Royal Government of Cambodia and Malaysia Helicopter Services, the then owners of Malaysia Airlines.

 

read more https://www.khmertimeskh.com/50712484/vietnam-airlines-stake-in-cambodia-angkor-air-up-for-sale/

Many airlines were doing poorly before the virus.  There will be lots of discounts and many new Irish CEO's at the helm.  

There's hardly going to be any airlines left by the time this is finished. The flights that will be operating will be expensive, infrequent, and mostly for officials and government use, or freight. 

Flag carriers are dead. Even low cost carriers are finding it hard. I don't think they'll find a buyer who will keep it operating as it is. The government will have to decide what to do with their share of a loss making concern.

Quote:-

"an advanced stage of negotiations to sell the aircraft and the stake to an undisclosed buyer"

The Chinese by any chance??? 

11 hours ago, geovalin said:

Vietnam Airlines, the 49 percent shareholder of the Cambodian national airline, Cambodia Angkor Air, has said that it is looking to divest its shares in the airline.

In other words 'dump because they're broke'.

6 hours ago, Yme said:

There's hardly going to be any airlines left by the time this is finished. The flights that will be operating will be expensive, infrequent, and mostly for officials and government use, or freight. 

I'm OK getting the bus to Cambodia.

I know there's lots of people saying airlines will all be gone, but there will be plenty of planes being sold cheap, and aircraft fuel will be at rock bottom prices.

Edited April 13, 20206 yr by BritManToo