APNG Issues?
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1st July, this year APNG requested from the Port Morseby Stock Exchange that their securities be suspended as they are:
"currently engaged in negotiating transactions, which if they were to proceed, may have a material impact on the company."
Full letter at http://www.pomsox.com.pg/dimages/com...fs/28_2323.pdf
"currently engaged in negotiating transactions, which if they were to proceed, may have a material impact on the company."
Full letter at http://www.pomsox.com.pg/dimages/com...fs/28_2323.pdf
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Hi Socksfirst,
I was on a PX F100 flight in from CNS-POM and that is what they offer on that flight just a biscuit n all the yeeuk juice you can drink,
APNG should have stayed on the route coz at that time 5-6 years ago they were the only mob that was offering in flight entertainment. The problem was way too many highly paid chiefs that show up at work after lunch on Monday and they hopping on a plane back to brissy after lunch Friday.............really??? if I was getting paid a half a million kina a year I will park my overpaid ass in POM
What a shame APNG was company with massive potential, back in 2009-2011 they had most of the mining contracts.
I was on a PX F100 flight in from CNS-POM and that is what they offer on that flight just a biscuit n all the yeeuk juice you can drink,
APNG should have stayed on the route coz at that time 5-6 years ago they were the only mob that was offering in flight entertainment. The problem was way too many highly paid chiefs that show up at work after lunch on Monday and they hopping on a plane back to brissy after lunch Friday.............really??? if I was getting paid a half a million kina a year I will park my overpaid ass in POM
What a shame APNG was company with massive potential, back in 2009-2011 they had most of the mining contracts.
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APNG and Skytrans - both are falling over
Most of APNG's issues can be traced back to the current CEO. He was 'moved' from Skytrans due to incompetence and CASA wanting him gone due to continued non compliances, and he was sent to APNG by SW, which was a bad move as he has now brought them to their knees financially as well. The amount of accidents and the redundancy of the best pilots and engineers to save money is frightening, and backs industry's concerns about both it and it's sister airline.
Skytrans can't hold on to Chief Pilots or safety staff either, who keep leaving. The current Skytrans 'chief pilot in training' with just 10 weeks service has resigned. Yet another manager flee's with their life. The actual CP who was training the young fella leaves in November, after resigning 4 times in two years. They have lost all the key managers, have two idiots running the airline, both with backgrounds in either accounting (not formally), or in school teaching. The other so-called manager running everything is an ex check-in bloke from Gladstone who talks big but achieves nothing. The writing is on the wall for both these airlines, and both needed to sign off on big contracts to stay afloat, and both have been unable to achieve that in recent months as they are simply out of their depth in a changing environment.
Runway incursions in Australia, Dash 8's into the ground in PNG, maintenance overuns, lots of things being swept under the carpet in both countries, it might be time that the Wild family went back to PNG, bought a farm and plowed all their energy in returning bull**** to the ground. It would be far safer for the travelling public.
P.S Skytrans are doing yet another major overhaul of an aircraft in the open hangar in Cairns, Amazing how CASA turn a blind eye to that, considering it breaches their maintenance permission for that facility. Nobody seems to care that there is no fire supression equipment in that hangar and it is only meant to be used for light maintenance and avionics work
Skytrans can't hold on to Chief Pilots or safety staff either, who keep leaving. The current Skytrans 'chief pilot in training' with just 10 weeks service has resigned. Yet another manager flee's with their life. The actual CP who was training the young fella leaves in November, after resigning 4 times in two years. They have lost all the key managers, have two idiots running the airline, both with backgrounds in either accounting (not formally), or in school teaching. The other so-called manager running everything is an ex check-in bloke from Gladstone who talks big but achieves nothing. The writing is on the wall for both these airlines, and both needed to sign off on big contracts to stay afloat, and both have been unable to achieve that in recent months as they are simply out of their depth in a changing environment.
Runway incursions in Australia, Dash 8's into the ground in PNG, maintenance overuns, lots of things being swept under the carpet in both countries, it might be time that the Wild family went back to PNG, bought a farm and plowed all their energy in returning bull**** to the ground. It would be far safer for the travelling public.
P.S Skytrans are doing yet another major overhaul of an aircraft in the open hangar in Cairns, Amazing how CASA turn a blind eye to that, considering it breaches their maintenance permission for that facility. Nobody seems to care that there is no fire supression equipment in that hangar and it is only meant to be used for light maintenance and avionics work
P.S Skytrans are doing yet another major overhaul of an aircraft in the open hangar in Cairns, Amazing how CASA turn a blind eye to that, considering it breaches their maintenance permission for that facility. Nobody seems to care that there is no fire supression equipment in that hangar and it is only meant to be used for light maintenance and avionics work
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Nobody seems to care that there is no fire supression equipment in that hangar
Anyway on most major airports the level of fire suppression equipment is usually a product of hangar size (volume). The big requirements tend to kick in at 20,000 cubic metres. I doubt Skytrans plastic shed would be even 10,000, so hose reels and extinguishers would be probably all they need.
Some pics in here of their hangar:
Aviation Industry - Global Fabric Structures
Looks like a hose reel in a least one of the pictures. So it appears they do have fire suppression.
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Some airlines rebrand themselves and think that will fix any problems at the heart of the organisation. It doesn't . A rebrand by way of a spiffy new livery or a name change is usually only window dressing, it doesn't change the core issues of an organisation, what is at the heart. I like to think of it as 'the glitter coated turd'. Once the glitter is scraped off the top what do you have underneath?
Of course I'm not referring to APNG specifically here, just saying that rebrands are normally nothing more than a bandaid solution or a marketing and PR exercise in trying to hide the past without actually changing anything.
Of course I'm not referring to APNG specifically here, just saying that rebrands are normally nothing more than a bandaid solution or a marketing and PR exercise in trying to hide the past without actually changing anything.
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Maybe they'll be absorbed into 'PX link'?
Regards to ya all, B E.
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Or a PNG savvy business house could be assuming ownership, refer recent director resignation. Long long history of success in PNG, not in aviation but nor were they in hospitality for many years.
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The 29th of August will be interesting indeed, Apng have not released their 2013 financial statement yet, that should have been released at the very latest by June IAW with POMSOX rules I think? What are the financial negotiations they are having? Perhaps for the ATR's, but first I think you have to pay off outstanding debt, which must be increasing every day now they have to pay the leases on previously owned aircraft.
So what is going on are they in a financial pickle? If so should not the staff be made aware!!
It is not usually a good sign when a company stops trading on it's listed exchange. The share price went from around 40 odd Toea to a holt at 33 Toea Hmm someone suspected something., I would be pretty annoyed if I invested at the float at 1 Kina, a loss of 67%, plus no dividend paid in what 4 years? Too many unanswered questions there for my liking.
See ya
Socks First then shoes,
Midvale school for the gifted class of 64.
So what is going on are they in a financial pickle? If so should not the staff be made aware!!
It is not usually a good sign when a company stops trading on it's listed exchange. The share price went from around 40 odd Toea to a holt at 33 Toea Hmm someone suspected something., I would be pretty annoyed if I invested at the float at 1 Kina, a loss of 67%, plus no dividend paid in what 4 years? Too many unanswered questions there for my liking.
See ya
Socks First then shoes,
Midvale school for the gifted class of 64.
Last edited by socksfirst thenshoes; 23rd Jul 2014 at 21:05.
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I think because this is more pilots forum the comments here are more aligned towards flying & matters related.
PX problems are very much intertwined with PNG problems.
PX schedule is a mess. Their flights are just not full. They are unable to adapt on the fly to the market conditions and needs. Being a small carrier they should be more agile. The fares are just too high, and then to make up for the shortfall in the revenue, they raise the fares again. PX need to close its unprofitable routes, they are just not sustainable. Improve capacity & loads on to ones that are profitable.
PNG should do more to market themselves, starting from expanding tourists obtaining visas on arrival. Improving the infrastructure for travellers, better hotels, budget hotels, backpacker type hostels & the like.
Riding on only one project which will come to a close soon will only see them drive themselves to the ground.
I wish them luck & a prayer.
PX problems are very much intertwined with PNG problems.
PX schedule is a mess. Their flights are just not full. They are unable to adapt on the fly to the market conditions and needs. Being a small carrier they should be more agile. The fares are just too high, and then to make up for the shortfall in the revenue, they raise the fares again. PX need to close its unprofitable routes, they are just not sustainable. Improve capacity & loads on to ones that are profitable.
PNG should do more to market themselves, starting from expanding tourists obtaining visas on arrival. Improving the infrastructure for travellers, better hotels, budget hotels, backpacker type hostels & the like.
Riding on only one project which will come to a close soon will only see them drive themselves to the ground.
I wish them luck & a prayer.
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New owners
The word on the street is that the 29th August is about new ownership not ATRs.
Regional Aviation requires a more committed leadership team. Commuting Accountants and lawyers rarely fit in general or regional aviation leadership. Could be a case for maintaining the Current fleet as suitable for the operating environment. New owners would focus on the customer, rationalise routes, abandon the cash-flow/high utilisation model and give the aircraft time in the shed.
Will be a tough turnaround but possible. The leaseback arrangement is a major impediment on the business again the masterstroke of bean counters.
Senior leadership and far to much influence from the major (65%) shareholder has long been APNG,s issue.
As Charles from Darwin apparently said "Fish always rot from the head" or was he talking about adapting to change?
Regional Aviation requires a more committed leadership team. Commuting Accountants and lawyers rarely fit in general or regional aviation leadership. Could be a case for maintaining the Current fleet as suitable for the operating environment. New owners would focus on the customer, rationalise routes, abandon the cash-flow/high utilisation model and give the aircraft time in the shed.
Will be a tough turnaround but possible. The leaseback arrangement is a major impediment on the business again the masterstroke of bean counters.
Senior leadership and far to much influence from the major (65%) shareholder has long been APNG,s issue.
As Charles from Darwin apparently said "Fish always rot from the head" or was he talking about adapting to change?
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More mumbo and less jumbo please
Regional Aviation requires a more committed leadership team. Commuting Accountants and lawyers rarely fit in general or regional aviation leadership.
I still reckon teaching managers mumbo jumbo will fix all their woes, it worked in Australia
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I have to tend to agree with you Cactus. The problem is the management get paid quite handsomely but really achieve diddly squat. None of the managers really care about the company, particularly the ones you have alluded to. No one really wants to work there. If a better job paying more came along they would be gone in a flash, wouldn't we all? Having said that there are a couple of really talented people working at APNG but they are dragged down by the incompetence of many. Cryptic clue as to one of the best managers-look down into the well see the ground. He is at least much smarter than his roomy at the Airways that is for sure.
I think that a big announcement is due soon. PX are re-structuring and I believe going to adopt a low cost model for the domestic operations. All to be announced to coincide with independence day September 16. Are APNG going to be part of this? Hence the trading holt. If it does happen I doubt that PX would retain many of the current APNG management, if any.
Maybe APNG will try to battle on; on their own, which to me would be financial suicide.
But it does look as though they are back in favour with Newcrest, announcing they will be using APNG on the Pom Lihir run as of October, flicking PX. Heavylift to operate the Cairns Lihir return run as of October.
CHEers
I think that a big announcement is due soon. PX are re-structuring and I believe going to adopt a low cost model for the domestic operations. All to be announced to coincide with independence day September 16. Are APNG going to be part of this? Hence the trading holt. If it does happen I doubt that PX would retain many of the current APNG management, if any.
Maybe APNG will try to battle on; on their own, which to me would be financial suicide.
But it does look as though they are back in favour with Newcrest, announcing they will be using APNG on the Pom Lihir run as of October, flicking PX. Heavylift to operate the Cairns Lihir return run as of October.
CHEers
Last edited by Che cows with guns; 28th Jul 2014 at 10:33.
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Is it true that the Chief pilot (MFO) and CEO both fly in on a Monday morning and fly home on a Wednesday night?
Where do they find such dedicated individuals?
Where do they find such dedicated individuals?