PNGAir are history, they were pretty well that before all this happened. So unless someone springs them a whole heap of cash, you won't see them around much longer.
So PX is going to buy out the National Superannuation Funds (NASFUND) 40% share of PNG Air, but at what value.
NASFUND has reportedly invested some 76 Million Kina ($31 Million Aus )into the airline since it listed, but the last sale on "who knows when" was 12 Toea (5 cents) - somewhat down from the initial 1 Kina listing price. (What do they say about making a fortune in Aviation?)
For ANG's sake hope the arn't expected to pay the full 76 Mill.