PNG Govt. (Air Niugini) buys APNG
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PNG Govt. (Air Niugini) buys APNG
Anyone got any more info on this? Just got an email, but no specifics as yet, expect a lot of duplicated staff to go, but great synergy's and of course a virtual monopoly in all aspects aviation within PNG.
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Actually Lead Sled APNG are a very profitable company. I am sure if you look at the POM SOX site you will see that they made a quite respectable profit last year. Air Niugini on the other hand loses money hand over fist, it is a legacy state owned Airline. Definitely an odd coupling. What does this mean for the VB/Pac blue code share which I think is due to be renewed soon.
PNG is due to experience amazing growth in the next few years think LNG the clean green fuel of the future two massive projects just starting- and a Carbon conscious world. Then there is Gold who's price will not go down in the forseeable future as the world stumbles along recovering from it's debt hangover. Not to mention all the other resource projects coming on line. They really have an embarrassment of riches. They simply cannot man up fast enough to do all the work on offer. They are doing incredibly well and suffering from a lack of manpower, aircraft and infrastructure. The decision to work together with the government and Air Niugini for the greater good would seem sound. APNG have sound management and big contracts plus an RPT network that has a load factor in the 90's. They carry enormous amounts of freight and have a pretty good work force, so it is a win for Air Niugini.
What astounds me about this is that it is not a take-over as such but a merger, according to the press release. In Australia you would never get away with this, it would be akin to Telstra and Optus merging.
Definitely interesting times ahead. Life is never dull in PNG
PNG is due to experience amazing growth in the next few years think LNG the clean green fuel of the future two massive projects just starting- and a Carbon conscious world. Then there is Gold who's price will not go down in the forseeable future as the world stumbles along recovering from it's debt hangover. Not to mention all the other resource projects coming on line. They really have an embarrassment of riches. They simply cannot man up fast enough to do all the work on offer. They are doing incredibly well and suffering from a lack of manpower, aircraft and infrastructure. The decision to work together with the government and Air Niugini for the greater good would seem sound. APNG have sound management and big contracts plus an RPT network that has a load factor in the 90's. They carry enormous amounts of freight and have a pretty good work force, so it is a win for Air Niugini.
What astounds me about this is that it is not a take-over as such but a merger, according to the press release. In Australia you would never get away with this, it would be akin to Telstra and Optus merging.
Definitely interesting times ahead. Life is never dull in PNG
I thought APNG were just about broke 700000 kina is more like a loss. Anyway I'm not going to argue the point.
Air Niugini will retain what they want out of APNG and ditch what they don't want. At the end of the day AIr Niugini doesn't need APNG where as APNG needs Air NIugini. I would be somewhat concerned if I worked for APNG at the moment as their will be some jobs go with this right across the board me thinks. On positive thing about all this is that it will ultimately lift flight standards as the APNG pilots who remain will have to comply with Air Niugini's procedures and not APNG's Good for the cadets ! This may even also help alleviate the pilot shortage problem that currently exists in PNG at the moment.
Fun times ahead, starting today !
Air Niugini will retain what they want out of APNG and ditch what they don't want. At the end of the day AIr Niugini doesn't need APNG where as APNG needs Air NIugini. I would be somewhat concerned if I worked for APNG at the moment as their will be some jobs go with this right across the board me thinks. On positive thing about all this is that it will ultimately lift flight standards as the APNG pilots who remain will have to comply with Air Niugini's procedures and not APNG's Good for the cadets ! This may even also help alleviate the pilot shortage problem that currently exists in PNG at the moment.
Fun times ahead, starting today !
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The press release talks of a merger, not take over, which implies partial privatisation of PX?
I wonder whether the resultant private equity in PX will be solely the current APNG share holders?
I wonder whether the resultant private equity in PX will be solely the current APNG share holders?
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So did the Wild family sell their share holding in APNG to the PNG Govt, or was it a raid on the POMSOX?. I can't see how management from both companies would sit together over the last few months and come to a conclusion such as this, without a catalyst.
Very interesting to see how they are going to handle issues like seniority, promotion, check & training, basing and tours, just for a start. Ha ha, this is going to be rich.
Very interesting to see how they are going to handle issues like seniority, promotion, check & training, basing and tours, just for a start. Ha ha, this is going to be rich.
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Waghi Warrior,
You have a rather disrespectful attitude towards the APNG guys and gals, merger or take over, who really cares.
Two things I can tell you for sure:
1) the two groups are no longer competitors,
2) If you work for either entity, you will soon be sharing a cockpit with pilots from the other entity, the same ones you show such disdain for.
Merger or take over, if attitudes like your small minded one is allowed to continue, both groups will not stand a chance as they will be too busy infighting.
You have a rather disrespectful attitude towards the APNG guys and gals, merger or take over, who really cares.
Two things I can tell you for sure:
1) the two groups are no longer competitors,
2) If you work for either entity, you will soon be sharing a cockpit with pilots from the other entity, the same ones you show such disdain for.
Merger or take over, if attitudes like your small minded one is allowed to continue, both groups will not stand a chance as they will be too busy infighting.
SDT sorry to offend and I take back what I said.
I was pointing out the fact that some jobs could go due to duplicate positions and in reality they could go from both sides.
I was pointing out the fact that some jobs could go due to duplicate positions and in reality they could go from both sides.
The APNG board still has to vote on agreeing to merge.
As for APNG needing Air Niugini, I'd think it would be the other way around! APNG has a bigger fleet, has an enormous percentage of the country's charter work and is profitable.
APNG pilots flying at a lower standard to their Niugini peers... that's a bit rough!
I think the arrangement will end up like the Qlink Sunnies / Eastern deal. Separate entities operating under one brand cooperatively.
Nav.
As for APNG needing Air Niugini, I'd think it would be the other way around! APNG has a bigger fleet, has an enormous percentage of the country's charter work and is profitable.
APNG pilots flying at a lower standard to their Niugini peers... that's a bit rough!
I think the arrangement will end up like the Qlink Sunnies / Eastern deal. Separate entities operating under one brand cooperatively.
Nav.
Last edited by ResumeOwnNav; 24th Sep 2011 at 07:55.
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Both companies have trouble turning a profit. I am an APNG shareholder (I know I know, a weak moment) and I am well aware of the company's financial status. AND the shortchanging of allowances when funds get tight! Wild family still are majority shareholders as the float did not sell as many shares as anticipated.
With the managerial nous shown by both previously, it wouldn't surprise me if they ended up hiring MORE staff and getting into more financial trouble!
I think the reality of the 'merger' may be a cutting down of office staff, check in, ground handling etc but overall the 2 companies will still run separately. It's just too much a a cluster %$#@ to do anything else and well beyond the capabilities of those involved. Sir Dennis wanted a merger all those years ago and I remember the trouble he had back then.
With the managerial nous shown by both previously, it wouldn't surprise me if they ended up hiring MORE staff and getting into more financial trouble!
I think the reality of the 'merger' may be a cutting down of office staff, check in, ground handling etc but overall the 2 companies will still run separately. It's just too much a a cluster %$#@ to do anything else and well beyond the capabilities of those involved. Sir Dennis wanted a merger all those years ago and I remember the trouble he had back then.
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I couldn't help but laugh when i read the POMSOX press release.
I would like to be optimistic about this "in-principle merger"...but like Ricky Bobby said it's just too much of a cluster #$%! to implement and that ranges from ground staff right through to upper management and that's at both companies.
But i'm afraid that flight crew from both companies better buy themselves a tub of Vaseline because conditions will deteriorate since this merger sees both sides of management unite which will take away the pilot's negotiation power. IF it goes ahead.
I would like to be optimistic about this "in-principle merger"...but like Ricky Bobby said it's just too much of a cluster #$%! to implement and that ranges from ground staff right through to upper management and that's at both companies.
But i'm afraid that flight crew from both companies better buy themselves a tub of Vaseline because conditions will deteriorate since this merger sees both sides of management unite which will take away the pilot's negotiation power. IF it goes ahead.
My comments about APNG a bit rough ay, well they aren't in my view ! Look at ANG's safety record compared to APNG's dudes. No disrespect to any of the ex and current APNG pilots as they know what's wrong with the company, and I agree totally with them.
In all honesty I would even go to the extent to say that APNG's Dash 8 operation is ran reasonably well thanks to a lot of experience within the senior ranks, however the Twin Otter operation obviously has some major issues, you just have to consider the Kokoda and Kikori accidents, Frieda River incidents and the latest involving a extremely high time ex C@T Captain having a near death experience crossing the Kuta Ridge in bad weather, where the hell are the standards if incidents like this happen ? I'm not being rude or antagonistic APNG, I'm just outlining my concerns. I also hope that PX make the transition for the APNG pilots into their C@T system simplified and transparent.
Welcome aboard fellas as you will be most welcome, well at least by the PX pilots and more importantly in 215 ! However I see 215 could become somewhat crowded in the future if we don't get a new venue, aero club maybe ?
In all honesty I would even go to the extent to say that APNG's Dash 8 operation is ran reasonably well thanks to a lot of experience within the senior ranks, however the Twin Otter operation obviously has some major issues, you just have to consider the Kokoda and Kikori accidents, Frieda River incidents and the latest involving a extremely high time ex C@T Captain having a near death experience crossing the Kuta Ridge in bad weather, where the hell are the standards if incidents like this happen ? I'm not being rude or antagonistic APNG, I'm just outlining my concerns. I also hope that PX make the transition for the APNG pilots into their C@T system simplified and transparent.
Welcome aboard fellas as you will be most welcome, well at least by the PX pilots and more importantly in 215 ! However I see 215 could become somewhat crowded in the future if we don't get a new venue, aero club maybe ?
WW,
I would love to see PX operate Twotters whilst maintaining their safety record... barely half of all current PX pilots would have the skills and knowledge to do so anyway and everybody who has flown a one for APNG, MAF and so on knows that its operation and network is totally different to PX's... Sorry but I believe APNG's environment is more challenging that PX's; hence both companies' safety records are not comparable.
AB
I would love to see PX operate Twotters whilst maintaining their safety record... barely half of all current PX pilots would have the skills and knowledge to do so anyway and everybody who has flown a one for APNG, MAF and so on knows that its operation and network is totally different to PX's... Sorry but I believe APNG's environment is more challenging that PX's; hence both companies' safety records are not comparable.
AB
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AQIS B
Probably a good reason not to merge then.
I am sure that the Insurance Co's, IOSA, Codeshare arrangements, Contract holders, Financiers, Unions, etc, etc, will be cringing at the thought.
Tell 'em they dreamin.....
Probably a good reason not to merge then.
I am sure that the Insurance Co's, IOSA, Codeshare arrangements, Contract holders, Financiers, Unions, etc, etc, will be cringing at the thought.
Tell 'em they dreamin.....