Cambodia Angkor Air is a full service founded in July 2009, by both the Cambodian Government and Vietnam Airlines with an initial capital of $100 million. It offers both Business Class and Economy onboard its Airbus A321, whilst only economy is available onboard its ATR 72. It replaced national airline Royal Air Cambodge, which went bankrupt in 2001, and concentrates on serving tourist routes within Cambodia, most notably catering for visitors of Angkor Wat. Since its launch, Cambodia Angkor Air has largely enjoyed a monopoly in the Cambodian domestic aviation market. However Cambodia's domestic aviation sector is expected to become more competitive with the entry of 2 Cambodian carriers. One of the carrier named Cambodia Bayon Airlines and is backed by Joy Air, a company that is majority owned and controlled by China's China Eastern Airlines. The second carrier named Bassaka Air that joined hands with Naga corp, and has a view of Chinas' cities and neighbor countries as their future destination. 2009 July 28, Cambodia Angkor Air launched with flights with its ATR 72 on the following routes; Phnom Penh – Siem Reap, Phnom Penh – Ho Chi Minh and Siem Reap – Ho Chi Minh. Cambodia Angkor Air started codesharing with Vietnam Airlines and uses "VN" in place of its airline code "K6" with codeshare flight number on Vietnam routes.