Cambodia Airports is the long-standing owner and manager of the Kingdom’s three international airports.
Cambodia Airports communications and public relations director Khek Norinda told The Post that the air freight market showed renewed growth during the period, on the back of a shift to air transport spurred on by multiple factors, such as lockdowns and other restrictions in Thailand and Vietnam, as well as bottlenecks plaguing ocean shipping.
Further propelling the sector forward were the reopening of factories in the capital as the majority of workers receive coronavirus vaccines, peak holiday seasons in Europe and the US, and air cargo rates from Phnom Penh to Bangkok or Vietnamese cities that are comparable to trucking costs, he said.
Cambodia air cargo volume up 14% in January-June thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
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Foreign tourist arrivals at the Kingdom’s three international airports saw a significant 82.8 per cent drop in 2020, from 4,404,995 in 2019 to a mere 756,265. Heng Chivoan
Airport investor: 2 years of growth
Mon, 5 April 2021
Kuala Lumpur-listed Muhibbah Engineering (M) Bhd, which owns a 21 per cent stake in Cambodia Airports, expects two consecutive years of growth in 2021-2022 from its business in the Kingdom as Covid-19 vaccination campaigns gather pace globally.
MIDF Amanah Investment Bank Bhd Research (MIDF Research) noted that effective immunisation drives around the world would buoy the rate of recovery in airport traffic and potentially bring higher earnings visibility for the group from its concession business, online news portal Malaysia Reserve reported on April 1.