17.02.2021 - 07:44 UTC
Cambodia is looking to sign up to the Cape Town Convention on International Interests in Mobile Equipment.
The country's State Secretary for Civil Aviation, Mao Havannall, and the United States ambassador to Cambodia W. Patrick Murphy met recently to discuss various topics including Cambodia joining the international treaty.
Havannall said that Cambodia would review the Cape Town Convention through a working group and “achieve satisfactory results as soon as possible”. He expressed the hope that the US would provide technical assistance and assign experts to guide the civil aviation task force.
This is good news for aircraft manufacturers, owners, lessors, and financiers interested in the Cambodian market as the Cape Town Convention standardises transactions involving movable assets such as aircraft and aircraft parts. It would open up the country, which to date, may have been deemed too risky for creditors to lend into and which may have deterred financiers and lessors from doing business with local operators.
The primary purpose of the Cape Town Convention is to protect the interest of aircraft sellers, purchasers, and creditors...
18.06.2020 - 16:35 UTC
Lanmei Airlines (LQ, Phnom Penh) has returned its sole A319-100, XU-971 (msn 2720), to lessor AerCap.
The 14-year-old aircraft was ferried from Xiamen on June 13 before stopping in Yuzhno-Sakhalinsk and Anchorage Ted Stevens, and then ending its journey at Marana, Arizona, according to RadarBox ADS-B data. It had last been commercially active on March 19 with flights between Sihanoukville and China.
Pinal Air Park has seen hundreds of aircraft delivered there in the wake of the coronavirus pandemic – nearly 25 aircraft a day were arriving for storage each week by May, Business Insider reported.
Lanmei Airlines is left with three A320-200s and two A321-200s, according to the ch-aviation fleets advanced module, although only one of its A320-200s has been regularly active last week operating between Phnom Penh and Guangzhou according to FlightRadar24 ADS-B data. All of the carrier’s aircraft are leased.
Lanmei Airlines commenced operations in September 2017.