The story
Phongsavanh Airlines
Lao Capricorn Air Company was sold to Phongsavanh Airlines Public Company headed by Lao magnate Od Phongsavanh, which effectively took control of the airline in January 2010. After the takeover, the airline's name was changed to Phongsavanh Airlines to align with Phongsavanh Bank and became part of the Phongsavanh Group of Companies.
Lao Central Airlines
In 2012, Phongsavanh Airlines was rebranded as Lao Central Airlines.
Suspension of services and future of airline
Lao Central Airlines cancelled its Bangkok services in December 2013 due to the political unrest in Bangkok, and Luang Prabang services were suspended in July 2014 to allow for restructuring.
The airline announced it would be resuming flights mid 2015 under a new owner, however, in December 2014 it was announced that the two Sukhoi SSJ 100 made for Lao Central Airlines were to be transferred to the Russian Federation Presidential Office putting in doubt the ability of the company to resume services.
As of October 2016, there has still be no announcement on if and when services will resume.
From Wikipedia’s article on Lao Central Airlines, shared under CC BY-SA 4.0.4
