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Air Niugini's subsidiary - LINK PNG

Australia, New Zealand & the Pacific Airline and RPT Rumours & News in Australia, enZed and the Pacific

Air Niugini's subsidiary - LINK PNG

Old 16th Jun 2018, 02:41
  #1201 (permalink)  
 
Join Date: Nov 2003
Location: QLD
Posts: 492
ANX insurance will be paid as the airframe landed before “civil unrest” was declared (payout more then market value hahah).

P2-PXD lease finished and will not be renewed. Hard to fathom with route expansion.
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Old 16th Jun 2018, 04:07
  #1202 (permalink)  
 
Join Date: Aug 2003
Location: closer to hell
Age: 48
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I doubt it. Insurance is usually either at indemnity (depreciated value) or reinstatement/replacement value (What is market value?) neither of which will see a payout more than the insured/at risk/agreed value. A global loss adjuster like McLarens is engaged by the underwriters to make sure there is no 'betterment' or fraud.
if you're under insured or within 90% of the insured value, look forward to the term 'average', if you're 'over insured' it's not really a win either as you have been paying a proportionate premium against the insured value/asset since you put it on your schedule
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Old 16th Jun 2018, 09:34
  #1203 (permalink)  
NCD
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Join Date: Mar 2010
Location: Seth Afrika
Posts: 124
Thought one of the local banks owned the Dash8 ( leased it to Pixie)....would not the insurance be the banks problem?
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Old 16th Jun 2018, 22:09
  #1204 (permalink)  
 
Join Date: Mar 2017
Location: Martian
Posts: 36
So it'd be BSP feeling a little tender about now?
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Old 17th Jun 2018, 06:50
  #1205 (permalink)  
 
Join Date: Oct 2006
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https://www.scribd.com/document/44641217/Aircraft-Leasing

Plenty of Armchair experts read the above.

Insurance responsibility really depends on the nature of the lease.
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Old 18th Jun 2018, 06:27
  #1206 (permalink)  
 
Join Date: Mar 2016
Location: Queensland
Posts: 93
I notice this afternoon that Fokker P2-ANQ is on its way back to POM after more than three months on the ground at Seletar.
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Old 19th Jun 2018, 09:58
  #1207 (permalink)  
 
Join Date: Nov 2014
Location: airborne
Posts: 89
PNG Prime Minister declares State of Emergency in the Southern Highlands.

https://www.cnn.com/2018/06/18/asia/...ntl/index.html
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Old 19th Jun 2018, 10:01
  #1208 (permalink)  
 
Join Date: Jul 2000
Location: Australia
Posts: 506
Originally Posted by LostProperty View Post
I notice this afternoon that Fokker P2-ANQ is on its way back to POM after more than three months on the ground at Seletar.
We pretty much forgot AND was in the fleet when I was there, it turned up back from Seletar after some 5 months away, we all thought it had been sold.
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Old 27th Jun 2018, 00:11
  #1209 (permalink)  
 
Join Date: Nov 1999
Location: Aus
Posts: 716
PX Avsec at its best.

https://postcourier.com.pg/drunk-cop-disrupts-flight/
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Old 27th Jun 2018, 03:21
  #1210 (permalink)  
 
Join Date: Nov 2003
Location: QLD
Posts: 492
He would be sobber now.
Most probably set up at road block checking rego & safety stickers til he has more beer money.
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Old 5th Jul 2018, 05:09
  #1211 (permalink)  
 
Join Date: May 2005
Location: North of 60. South of 42.
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Originally Posted by geeup View Post
He would be sobber now.
Most probably set up at road block checking rego & safety stickers til he has more beer money.

This is actually what he will be doing!!
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Old 5th Jul 2018, 21:11
  #1212 (permalink)  
 
Join Date: Nov 1999
Location: Aus
Posts: 716
I am hearing the Chairman of the Board has been replaced by Mr Costas from the Lamana hotel. Don't know much about him.
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Old 5th Jul 2018, 21:20
  #1213 (permalink)  
 
Join Date: Mar 2017
Location: Martian
Posts: 36
He'd be of the Constantinou family, Airways Hotel, Hebou Construction etc?
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Old 6th Jul 2018, 02:49
  #1214 (permalink)  
 
Join Date: Jun 2001
Location: Paradise
Age: 61
Posts: 1,342
And very close to the PM,
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Old 6th Jul 2018, 09:37
  #1215 (permalink)  
 
Join Date: Oct 2006
Location: Suit Case
Posts: 107
Yes and visits to quarries and attache cases changes hands were a common event .

But if the rumour is true could not be worse than the incumbent.
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Old 6th Jul 2018, 10:21
  #1216 (permalink)  
 
Join Date: Nov 1999
Location: Aus
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Old 6th Jul 2018, 10:23
  #1217 (permalink)  
 
Join Date: Nov 2003
Location: QLD
Posts: 492
Hold the phone doesn’t he currently serve on the Board of PNGAir???
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Old 6th Jul 2018, 10:34
  #1218 (permalink)  
 
Join Date: Nov 2003
Location: QLD
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Old 6th Jul 2018, 22:00
  #1219 (permalink)  
 
Join Date: Mar 2017
Location: Martian
Posts: 36
As that song line goes 'some things will never change'.....
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Old 8th Jul 2018, 21:33
  #1220 (permalink)  
 
Join Date: Nov 1999
Location: Aus
Posts: 716
Received a report that for the last 9 days of the current roster there are 160 uncrewed sectors on the Fokker fleet.
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