GTS AVIATION
Air Traffic Services
ATC systems, 24/7 CNS/ATM maintenance and the GTS Aviation Academy.
GTS Aviation Co., Ltd. • Phnom Penh, Kingdom of Cambodia
Safe, modern skies for Cambodia
An integrated Cambodian aviation services group. Air traffic control is our priority project, alongside maintenance, ground handling and aviation fuel. We prepare in 2027, and every project starts in 2028.
VDTITecho International
VDSASiem Reap–Angkor
VDSVSihanoukville
US$80MTotal investment plan
US$50MATC investment in 2028
4Business units
235Skilled jobs by 2030
Who we are
One Cambodian partner for the whole airport
Cambodia's new airports are adding capacity, and new airlines are arriving every year. Many of the services they depend on are still bought from abroad. GTS brings air traffic control systems, maintenance, ground handling, fuel and training together under one Cambodian group.
GTS does not operate an airline. It serves every airline that flies to Cambodia as a neutral partner.
Priority project • Air traffic control
US$50 million to modernise Cambodian air traffic control
GTS invests in the control centre, surveillance, towers, communications and navigation aids, then maintains them 24/7 and trains the people who use them. All work is carried out under the authority of the State Secretariat of Civil Aviation (SSCA).
US$ million. Planning estimates, to be confirmed with CATS and SSCA through competitive tenders.
Route A
Partnership with CATS
- Build-operate-transfer agreement
- GTS funds, builds and maintains the systems
- Long-term service fee
Route B
Strategic stake in CATS
- Minority shareholding
- Priced by independent valuation
- Funded separately from the US$50M
Delivery timeline
Prepare in 2027, start everything in 2028
No capital is invested in 2027. The year is used to negotiate with clients, banks and partners and to file every licence. All projects start in January 2028.
- 2027
Negotiation with clients, banks and partners; company, QIP and licence filings. Final investment decision in December.
- Q1 2028
All projects start. ATC agreement, shareholders' agreement and loans signed.
- Sep 2028
Ground handling, VIP FBO and into-plane fuelling operating.
- Dec 2028
ATC towers and communications approved by SSCA and in service.
- Jun 2029
Full ATC system in service. MRO line maintenance from March 2029.
Clients
CATS, SSCA, airports and airlines: ATC terms and letters of intent.
Banks
Term sheets for the US$25M ATC loan and US$11M other loans.
Partners
Shareholders, ATM suppliers, fuel supplier, MRO and training partners.
Licences
Company and QIP registered; licence applications filed.
Business units
One group, four businesses
Engineering
SSCA-approved line and light base maintenance, parts and component exchange.
Ground Services
Ramp, passenger and cargo handling, with a VIP FBO for business jets.
Fuel & Trading
Jet A-1 into-plane fuelling, supply contracts, and aircraft and parts trading.
Jet fuel
Clean Jet A-1, into every aircraft
A neutral, open-access fuelling service for every airline. Every litre is tested and traceable from the fuel farm to the wing.
- Order received and batch release certificate checked
- Refueller or hydrant dispenser positioned and bonded
- Sample checked clear and bright, free of water and sediment
- Pressure fuelling through the underwing coupling
- Quantity and density signed off with the crew
- Batch records filed for full traceability
6 → 45 million litres a year, 2028–2032US$4.0M equipmentJIG • Def Stan 91-091
Financials (illustrative)
A US$80M plan, 55% equity
Revenue grows to about US$32M by 2032, and EBITDA turns positive in 2029 and reaches US$11.4M in 2032. The ATC service fee earns most of it.
RevenueEBITDA
US$44MEquity: US$38M paid in by March 2028, US$6M at SSCA maintenance approval
US$36MDebt: a ring-fenced US$25M ATC loan and US$11M for the other units
1.64xDebt service cover in 2032
~11%Equity IRR at an 8x exit multiple
Working with GTS
Built for banks, investors, SSCA and airlines
Banks & investors
A disciplined, staged plan
- Contracted, long-term ATC revenue
- Staged capital calls tied to decision gates
- No investment before the December 2027 decision
SSCA
Safety first, by design
- Safety management system to ICAO Annex 19
- SSCA-approved safety case for every ATC system
- Parallel running before every switch-over
Airlines
One partner on the ground
- Line and light base maintenance
- Ramp, cargo and VIP handling
- Jet A-1 fuelling and crew training
Growth pipeline
Six more projects, also starting in 2028
About US$23.5M of further investment, adding about US$14.4M of revenue a year once mature. Each project needs its own Board approval and is not in the base plan.
| Project | Capex | Operating from |
|---|---|---|
| A • Academy training centre and simulators | US$5.0M | Q3 2029 |
| B • Second hangar bay for C-checks | US$8.0M | Q3 2030 |
| C • Air cargo and cold-chain terminal at Techo | US$4.5M | Q3 2029 |
| D • Fuel storage expansion and SAF readiness | US$2.5M | Q2 2029 |
| E • FBO and VIP lounges at Siem Reap and Sihanoukville | US$2.0M | Q1 2029 |
| F • Solar power and electric ground equipment | US$1.5M | Q4 2028 |
| Total | US$23.5M |
Contact
Partner with GTS Aviation
Banks, investors, airlines and partners are invited to discuss the 2027 preparation programme with our team.
- Company
- GTS Aviation Co., Ltd.
- Chairman
- Mr. SHAHIR REZA BIN SHAHID RAZA ALI
- Office
- Phnom Penh, Kingdom of Cambodia (address to be confirmed)
- Email / phone
- [email to be confirmed] • [+855 to be confirmed]