If international travel restrictions continue for an extended period of time, based on what is happening elsewhere around the world, no PNG airline is immune to bankruptcy in these challenging times. The PNG domestic market isn’t sustainable at the best of times, let alone in COVID-19 times.
One only needs to look at the airline casualties in neighbouring South Pacific countries including Australia to make a reasonable comparison of ANG and PNG Air’s long term viability.
Unless ANG and PNG Air are operating their aircraft on coconut oil and bui husks, I cannot see how any investor including the PNG government are going to be able to keep injecting cash into these airlines to keep them going in the interim.
Last edited by Duck Pilot; 30th Jun 2020 at 13:03.