Originally Posted by
faheel
"You'll probably find that first half 2016 loss was largely attributed to the introduction of the new aircraft type."
about half of that amount due to atr introduction costs.
k2.3 mil atr direct costs
k13.3 mil impairment of dash 8 lease costs
k5.0 mil early dash 8 lease termination costs.
whichever way you look at it both airlines are money pits...financial disasters for shareholders.
Yes you have to wonder who is signing the checks for the new ATRs. But seeing as they, PNG Air, have more on order they must be prepared to keep signing them, the cheques that is.
Both ANG and PNG Air are pretty much industry/government owned organisations now anyway- In an impoverished Pacific nation (for whatever reason!!) it is really the only way airlines can run safely nowadays.
I guess that in reality there is only room for one major company and a regional. Plus a few smaller charter companies helping out.
Simple; now to just sort the egos and self interests out!!!!!