AAAGL’s venture into Cambodia a positive move

KUALA LUMPUR: AirAsia Aviation Group Limited’s (AAAGL) entry into Cambodia is positive but turning profitable could take longer than expected, according to Kenanga Research.

AAAGL, the aviation arm of Capital A Bhd, has signed a joint venture (JV) agreement with Sivilai Asia to establish AirAsia Cambodia, a new low cost airline in Cambodia.