Lanexang Airways International (5A, Vientiane) has inked an agreement with the Lao Development Bank to provide funding of USD15 million, giving the privately-owned carrier a pool of liquidity to develop new routes and start looking for additional aircraft.

A press statement from the airline, published in the Vientiane Times on February 7, says the deal had recently been signed between the bank, which is a joint venture between Chaleun Sekong Energy (70%) and the Laotian Ministry of Finance (30%), and the airline which only…

Source: ch aviation
Read more: Laos's Lanexang Airways secures mn funding for growth