Wary of an overdependence on Chinese markets and airlines, French airports operator Vinci Airports hope to attract more international markets to its fast-growing Cambodian airports.
The company runs all Cambodia’s three international airports; Phnom Penh, Siem Reap and Sihanoukville.
Passenger numbers grew 20.6% in Q2 2018; most impressively was beach resort Sihanoukville, which grew 99.5% with Hainan Airlines and Kunming-based Ruili Airlines opening new routes from Shenzhen and Kunming, respectively.
“It is unbelievable and hard to read honestly. We feel privileged, as it is a sign of good health of the economy and tourism—and for us it is recognition of our infrastructure and operations,” Vinci Airports CCO Pierre-Hugues Schmit told ATW at the annual World Routes Development Forum in Guangzhou.
Within Cambodia, numerous startups sprang up in recent years such as JC International, Cambodia Bayon Airlines and KC International Airlines, all of which are Chinese-linked.
“They bring value to the market, but I think we depend a bit too much on them, so it is best that we diversify a bit.” he said. Schmit sees potential from Australia, Indonesia and Korea, and is constantly educating the respective authorities on what Cambodia has to offer. “One market that is not there but should be there is India, but due to the lack of pilots and planes, it is hard for them to commit to fly to Siem Reap or Phnom Penh as they have to give up a good domestic market route.”
Chen Chuanren, [email protected]