Home Cambodia Economy

Abandoned Cambodian plane to be auctioned

Jan 17th at 08:23
17-01-2017 08:23:21+07:00

Abandoned Cambodian plane to be auctioned

The Vietnamese government has officially acquired full ownership of an aircraft abandoned at Hanoi’s international airport by a Cambodian airline a decade ago and will put it up for auction, Vietnamese media reported yesterday.

The plane, which belonged to Royal Khmer Airlines, had been leased to Siem Reap-based charter operator Air Dream when it was abandoned at the airport in May 2007 following a technical malfunction.

Both Royal Khmer Airlines and Air Dream went out of business later that year. Vietnam’s government has said it will auction the ageing plane and use the proceeds to pay off the $600,000 in parking fees it has accrued during its decade on the tarmac.

phnompenh post

MOST READ

NEWS SAME CATEGORY

Kingdom failing to keep up
ECONOMY Jan 17th at 08:21

Kingdom failing to keep up

Cambodia is not keeping up with the global pace of innovation and business competitiveness across world as the country continues to suffer from low skills levels...

Solid year to carry forward: NBC
ECONOMY Jan 13th at 08:13

Solid year to carry forward: NBC

The National Bank of Cambodia (NBC) released its review of 2016 and outlook for 2017 this week, highlighting the continued large growth of the banking sector while...

Economy resilient to global headwinds: World Bank
ECONOMY Jan 12th at 09:00

Economy resilient to global headwinds: World Bank

Despite global uncertainty related to political shifts in the West and a continued Chinese economic slowdown, Cambodia showed strong growth prospects for the next...

Tuk-tuk makers feel slowdown
ECONOMY Jan 11th at 08:22

Tuk-tuk makers feel slowdown

When Chheang Vanna established his remorque assembly workshop in 2006, his main concern was meeting his customers’ deadlines to supply the metal-and-wood carriages...

New border facilities to enhance trade, tourism with Laos
ECONOMY Jan 11th at 08:18

New border facilities to enhance trade, tourism with Laos

Cambodia and Laos officially inaugurated a newly expanded border crossing yesterday that is expected to increase trade and tourism between the two countries...

Decline in transfers linked to rice prices
ECONOMY Jan 9th at 16:09

Decline in transfers linked to rice prices

International fund transfers to Cambodia through Acleda Bank, which claims to handle a quarter of all inbound fund transfers to the country, decreased slightly last...

ISP pushes into new territory
ECONOMY Jan 6th at 08:14

ISP pushes into new territory

Today Communication, Cambodia’s youngest internet service provider (ISP), is looking to gain traction in the Kingdom’s crowded fixed-line internet market with a...

Another commercial office planned in China
ECONOMY Jan 6th at 08:11

Another commercial office planned in China

Commerce Minister Pan Sorasak yesterday met Hu Heping, governor of Shaanxi province in north-central China, to discuss plans to launch a Cambodian commercial centre...

S’ville airport’s passenger subsidy scheme renewed
ECONOMY Jan 5th at 09:48

S’ville airport’s passenger subsidy scheme renewed

A marketing initiative rolled out last year that provides monetary incentives to airlines that use Sihanoukville’s airport for international flights has been...

Skilled workers and infrastructure needed
ECONOMY Jan 5th at 09:44

Skilled workers and infrastructure needed

Cambodia needs about $12 billion over a 10-year period to invest in the development of a skilled workforce and improved infrastructure in order to meet the goals of...

Read More

MOST READ

Back To Top