Finance / Indonesia
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Indonesia's Rajawali & Cambodian Government To Set Up Airline
April 2008 | Corporate Financing News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Rajawali Group of Indonesia has entered into an agreement with the Cambodian government to set up a national airline in Cambodia. Rajawali will invest US$50mn in the joint-venture giving it a 49% stake in the airline, and the Cambodian government the controlling stake.