Vietnam Airline sells stake in Cambodian carrier

By Dat Nguyen   May 30, 2022 | 07:46 pm PT
Vietnam Airline sells stake in Cambodian carrier
A Vietnam Airlines aircraft is seen at Noi Bai International Airport on September 9, 2021. Photo by VnExpress/Ngoc Thanh
Vietnam Airlines has sold a 35 percent stake in Cambodia Angkor Air for US$35 million.

It had bought a 49 percent stake in the Cambodian carrier in 2009 and promised to help it expand.

But in 2020 it had expressed its intention to sell of its stake due to Covid-19. It is now set to divest the remaining 14 percent in by the end of this year.

Vietnam Airlines' accumulated losses climbed to VND21.98 trillion ($955.6 million) last year, roughly the same as its charter capital.

 
 
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