Overview

China Eximbank provides RMB 470 million loan to support domestic production of (MA60) civil aircraft in Cambodia

Commitments (Constant USD, 2023)$77,145,819

Commitment Year•2016Country of Activity•CambodiaDirect Recipient Country of Incorporation•Multiple JurisdictionsSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Feb 2, 2016

Geospatial footprint

Map overview

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The project was to issue an RMB 470 million loan to Cambodia Bayon Air Co., Ltd, which is headquartered in Phnom Penh International Airport. More detailed locational information can be found at: https://www.openstreetmap.org/way/37370396

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownershipAt least 25% Chinese ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Joint Venture/Special Purpose Vehicles

Cambodia Bayon Air Co., Ltd.

State-owned companies

AVIC International Leasing Co., Ltd. (AVICL)

Implementing agencies

Joint Venture/Special Purpose Vehicles

Cambodia Bayon Air Co., Ltd.

Loan desecription

China Eximbank provides RMB 470 million loan to support domestic production of (MA60) civil aircraft in Cambodia

Interest type•Unknown

Narrative

Full Description

Project narrative

On February 2, 2016, China Eximbank issued an RMB 470 million loan to Cambodia Bayon Air Co., Ltd. (Khmer: អាកាសចរណ៍ កម្ពុជា បាយ័ន/បាយ័នអ៊ែរឡាញ; Chinese: 柬埔寨巴戎航空有限公司 or 巴戎航空) and AVIC International Leasing Co., Ltd. to support domestic production of (MA60) civil aircraft in Cambodia. The first MA60 aircraft was delivered to Cambodia Bayon Airlines on December 15, 2014. The airline’s inaugural flight between Phnom Penh and Siem Reap took place on December 31, 2014. The airline’s inaugural international flight to Ho Chi Minh City, Vietnam took place on July 1, 2015. The airline ceased all operations in 2019. Cambodia Bayon Air Co., Ltd. (also known as Cambodia Bayon Airlines) is a project company and wholly-owned subsidiary of Bayon Airlines Holding Ltd., which was, in turn, a subsidiary of the Chinese state-owned carrier Joy Air. Cambodia Bayon Airlines was registered in April 2014, and its air operator's certificate was received in December 2014.