i would guess that figure is result of purchasing a fleet of new aircraft. Nevertheless it is not very flash and I'm glad I don't have any shares there.
Poxie (sorry Faheel, that name has already been well and truly attached to Air Niugini) isn't listed and as they are not required to publish financial reports, nobody knows how much they lost.
When it is convenient they claim they made report huge profits, but when it is not they claim to be on the verge of bankruptcy. All bulk****. Air Niugini is just a huge money laundering facility for the PNG political elite.