Samart Aviation Solutions Public Company Limited (SAV) highlighted a strong financial performance in 2024, achieving total revenue of Bt1.759 billion, an increase of Bt111 million compared to the previous year. The company also reported a substantial profit of Bt464 million, rising by Bt193 million, or over 70 per cent, driven by the thriving tourism sector in Cambodia.

Mr. Teerachai Phongphanangam, President of SAV, said that service revenue reached Bt1.756 billion, reflecting a significant increase of Bt254 million, or approximately 17 per cent. This growth was primarily fueled by a surge in flight operations, totaling 103,887 in 2024.

SAV generates revenue from three primary service categories:

• Domestic landing and take-off services
• International landing and take-off services
• Overflight services in Cambodian airspace

The impressive growth in SAV’s revenue can be attributed to the increase in flights managed within Cambodia’s airspace, a trend bolstered by the recovery of the tourism sector. According to the Cambodian Ministry of Tourism, the country welcomed over 6 million tourists in 2024, representing an increase of more than 20 per cent. Notably, more than 800,000 visitors came from China, marking a remarkable 55 per cent rise compared to 2023, with China emerging as the third-largest source of foreign tourists, following Thailand and Vietnam.

As a result, the total number of flights serviced across all categories reached 103,887 in 2024, an increase of 11,202 flights, or 12 per cent, from the previous year. This total includes 71,988 overflight operations, 26,509 international landing and take-off flights, and 5,390 domestic flights.

“Tourism is a vital pillar of Cambodia’s economy. The Cambodian government is actively promoting tourism and attracting investors, as demonstrated by its policies to reduce e-Visa fees and waive visa requirements for various countries. Consequently, we expect the number of tourists to continue increasing in 2025,” Mr. Teerachai concluded.