vertical_speedster just in case you missed it there is a very long and extensive thread about this company.
http://www.pprune.org/australia-new-zealand-pacific/549457-air-niugini-s-subsidiary-link-png.html
Enjoy the read and I think you will find answers to all your questions.
Also I can tell you that IAC are advertising, again, for this company as they have done for the past couple of years while this dispute has esculated.
And in those 2 years they have only been able to recruit a handful of desperate pilots.
The piloting world is boycotting PX for very good reasons.
Enough said.