View Full Version : PNG Air restructuring to avoid going broke
Mumbai Merlin
25th Jul 2023, 02:22
PNG Air’s creditors commit to reducing debt - Post Courier (https://www.postcourier.com.pg/png-airs-creditors-commit-to-reducing-debt/)
PNG Air has not released financial reports since year 2019.
markis10
25th Jul 2023, 08:07
Good to see PWC as the lead consultant in their restructure :ugh:
On eyre
25th Jul 2023, 08:49
Good to see PWC as the lead consultant in their restructure :ugh:
Pro bono but maybe not by choice 😳
tail wheel
25th Jul 2023, 23:54
"PNG Air is proudly owned by major Papua New Guinea institutions and by approximately 2,300 PNG Nationals."
Whose shares presumably now have near zero asset backing. :{
Pinky the pilot
26th Jul 2023, 02:53
PNG Air? Formerly Milne Bay Airways?:confused:
What happened to put them into this state of affairs?
Duck Pilot
26th Jul 2023, 03:40
They were advertising for pilots a few weeks ago, for both experienced and very low timers.
They have had their challenges over the years, however they still run a good operation.
dejapoo
26th Jul 2023, 04:18
PNG Air? Formerly Milne Bay Airways?:confused:
What happened to put them into this state of affairs?
New crash, new name
geeup
28th Jul 2023, 01:57
What’s the pay and conditions like for experienced pilots?
They were advertising for pilots a few weeks ago, for both experienced and very low timers.
They have had their challenges over the years, however they still run a good operation.