Vietnam Airlines divests 35 per cent stake in Cambodia Angkor Air
 |
After the transfer deal, Cambodia Angkor Air has ceased its role as an affiliated company of Vietnam Airlines.
According to the audited consolidated financial report from Vietnam Airlines, the company acquired $34 million from the sale deal including a $1 million deposit. According to the two parties’ agreement, Vietnam Airlines will continue to divest the remaining 14 per cent of its stake this year.
The divestment was planned in 2017.
In 2009, Vietnam Airlines purchased 49 per cent of Angkor Air’s stakes, showing its interest in the Cambodian aviation market. The remainder was held by the local government.
As of December 31, Vietnam Airlines has 15 subsidiaries and four affiliated companies.
Vietnam Airlines is currently recovering international flights, having increased its frequency on eight routes linking Vietnam with Japan and South Korea from May 15.
Three more routes to South Korea will be resumed from June 1 and routes connecting Hanoi and Ho Chi Minh City with Tokyo, Osaka, and Nagoya will each see up to two new flights per week.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Tag:Related Contents
Latest News
More News
- Limitations abound for domestic EV carbon credits (December 19, 2024 | 15:00)
- Businesses pivotal in offsetting carbon measures in Vietnam (December 19, 2024 | 13:00)
- Coordination key for circular economy (December 19, 2024 | 10:56)
- Vietnam’s first logistics laboratory established (December 19, 2024 | 08:00)
- Masan Consumer Holdings honoured with consecutive "Great Place To Work" certifications (December 18, 2024 | 16:55)
- SABECO’s research facility a dream for its brewmasters (December 17, 2024 | 10:30)
- Digital twins reshaping Vietnam's logistics and supply chain landscape (December 17, 2024 | 09:34)
- Enterprises awarded for pioneering innovation to attract talent (December 16, 2024 | 16:43)
- Testing future predicted for technology startups in Vietnam (December 14, 2024 | 15:00)
- Vincom Retail named among Forbes Vietnam's top 25 leading brands (December 14, 2024 | 11:58)
Latest News
Mobile Version