Saturday, July 5, 2025
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

Cape Town Convention would help Cambodia aviation industry more competitive

September 25, 2020
in Business, Cambodia, National
0
Cape Town Convention would help Cambodia aviation industry more competitive
0
SHARES
17
VIEWS
Share on FacebookShare on Twitter

Cambodia is discussing the feasibility of joining the Cape Town Convention, an international treaty that would help the Kingdom’s aviation industry become more competitive, according to the State Secretariat of the Civil Aviation (SSCA).

The discussions were held at a joint conference between the SSCA, Boeing Co and the US embassy to Cambodia under the chairmanship of Mao Havannal, the minister in charge of the SSCA, and Patrick Murphy, the US ambassador to Cambodia, with the participation of representatives from relevant ministries, government agencies and Cambodia Angkor Air.

The Cape Town Convention on International Interests in Mobile Equipment – or Cape Town Treaty – is a mechanism allowing aviation companies to lease or buy aeroplanes and helicopters at a lower cost, as well as to acquire some of the latest aviation technologies on the market.

Havannal said that although this international convention is mostly used in the field of civil aviation, it can also be applied to other sectors, in accordance with different protocols of the convention, such as railways, air space, mining and agriculture and construction equipment.

“[It] will facilitate domestic airlines to be able to compete with other airlines in the international market through equity financing opportunities,” he said.

According to the discussion, joining the convention will provide Cambodia with economic benefits, by reducing borrowing and financing costs for airlines and airline operations, reduce the cost of renting or purchasing aircraft and equipment, increase financing options so ticket prices would be lower than before.

Havannal said so far 78 countries had ratified the convention as of July 2020, including  16 countries in the Asia-Pacific region: Afghanistan, Australia, Bangladesh, China, Fiji, India, Indonesia, Kazakstan, New Zealand, Malaysia, Mongolia, Myanmar, Pakistan, Singapore, Tajikistan and Vietnam.

SSCA’s spokesman Sin Chansereyvutha said joining the treaty will provide benefits for civil aviation and airline operators.

“Operators can purchase and lease airplanes at a special price with low risk. By not  joining the convention, local airlines need a third company, mostly in another country, to guarantee Cambodian airlines can lease aircraft,” he said, adding that currently all airline operators in the country go through brokers for purchasing and leasing at a high cost.

However, he said that Cambodia faces challenges in order to become a member of the convention.

“We need to follow very strict conditions. We have a lot of work to do and some of our laws need to be revised or changed to comply with the criteria,” he said.

According to Chansereyvutha, after Cambodia is ratified, the country will have a grace period of at least two years to implement or it will be deregistered if it cannot comply with essential conditions.

“We are willing to join the convention but we need around two to four years to be ready and we need to learn about the experiences of other countries such as Vietnam and Myanmar, that are already members of the convention,” he said.

The convention was jointly organised by the International Institute for the Unification of Private Law (UNIDROIT) and the International Civil Aviation Organization (ICAO)  and adopted in Cape Town, South Africa, on Nov 16, 2001. UNIDROIT’s objective is to harmonise international private law across countries through uniform rules, international conventions and the production of model laws, sets of principles, guides and guidelines. The ICAO  is a specialised agency of the United Nations. It changes the principles and techniques of international air navigation and fosters the planning and development of international air transport to ensure safe and orderly growth.

During the discussions, US Ambassador Murphy promised to further strengthen relations with Cambodia in the field of aviation by providing expert assistance and helping in the compilation of some necessary documents.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaCambodia aviation industryCape Town ConventionMao HavannalSSCAState Secretariat of the Civil Aviation
Previous Post

Philippines detects new swine fever outbreaks, eyes more pork imports

Next Post

Free resort staycations and tours for Bali residents to test tourism readiness

Related Posts

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

by Khmer Times
July 3, 2023
0
104

Neak Poan Temple is one of the most attractive tourist destinations among the ancient temples, which is located along the...

Cambodian pepper gains direct export rights to China

Cambodian pepper gains direct export rights to China

by Khmer Times
July 3, 2023
0
80

The Chinese Embassy in Cambodia announced today that Cambodian pepper has completed all export procedures to China, which means can...

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

Wrapped in blanket, dumped in pond: Top South Korean livestreamer found dead in Cambodia

by AsiaOne
June 14, 2023
0
109

One of South Korea's top livestreamers was recently found dead in Cambodia. Byeon Ah-young's body was discovered — wrapped in a...

Most Popular

New dairy farm in Cambodia, Kirisu, goes into fresh milk production operated by Khmer Fresh Milk

New dairy farm in Cambodia, Kirisu, goes into fresh milk production operated by Khmer Fresh Milk

July 17, 2020
506
Cambodia rice production losses caused by droughts about $100 million

Cambodia rice production losses caused by droughts about $100 million

October 1, 2021
16
Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

Neak Poan Temple is a destination for tourists to visit and take beautiful pictures

July 3, 2023
104
Is this Japan’s weirdest mascot? Meet Hokkaido’s Zushihocky, part rice, part clam

Is this Japan’s weirdest mascot? Meet Hokkaido’s Zushihocky, part rice, part clam

May 27, 2020
38
Waste-to-energy plans in Cambodia on hold for time being

Waste-to-energy plans in Cambodia on hold for time being

November 11, 2020
31
Phnom Penh Water Supply Authority capacity to be extended to meet growing demand of Clean Water in Phnom Penh

Phnom Penh Water Supply Authority capacity to be extended to meet growing demand of Clean Water in Phnom Penh

July 18, 2020
69

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!