Air Niugini's subsidiary - LINK PNG
Man Bilong Balus long PNG
Join Date: Apr 2002
Location: Looking forward to returning to Japan soon but in the meantime continuing the never ending search for a bad bottle of Red!
Age: 69
Posts: 2,969
Received 96 Likes
on
55 Posts
So then; How long before the whole Airline goes bagarup?
Today's update from paradise:
The Court orders promised for delivery on Friday were a no show and there are 5 u/s Fokkers today with extra flight cancellations due lack of pilots/engineers etc.
Nothing seems to change.
The Court orders promised for delivery on Friday were a no show and there are 5 u/s Fokkers today with extra flight cancellations due lack of pilots/engineers etc.
Nothing seems to change.
This will come as no surprise.
PX served an application to appeal. It was dated 8 June for a hearing on 21 June.
The application lists 37 points where "The National Court erred in ordering..." with each point detailing their argument.
Here we go again.
Enjoy the ride.
PX served an application to appeal. It was dated 8 June for a hearing on 21 June.
The application lists 37 points where "The National Court erred in ordering..." with each point detailing their argument.
Here we go again.
Enjoy the ride.
Join Date: Jul 2003
Location: woop woop
Posts: 229
Likes: 0
Received 0 Likes
on
0 Posts
PNG AIR owe a huge debt of gratitude to Foo for driving Air Niugini into the ground.
With all the cancellations etc they must be driving the travelling public to Pngair which is keeping them solvent .Without the debacle at pixi I seriously doubt they would be still in the air today.
Looking at the latest statements ( 1st half 2016) they lost 42 million kina !
It will be interesting to see their latest results
With all the cancellations etc they must be driving the travelling public to Pngair which is keeping them solvent .Without the debacle at pixi I seriously doubt they would be still in the air today.
Looking at the latest statements ( 1st half 2016) they lost 42 million kina !
It will be interesting to see their latest results
Join Date: Jun 2011
Location: Brisbane
Posts: 12
Likes: 0
Received 0 Likes
on
0 Posts
You could probably argue that if PX wasn't government owned and tax payer funded, it would have gone bankrupt sometime ago. The market conditions are the way they are because there is and always has been a monopolisitic market with one very large player who's survival is basically guaranteed by the taxpayer. You'll probably find that first half 2016 loss was largely attributed to the introduction of the new aircraft type.
Join Date: Jul 2003
Location: woop woop
Posts: 229
Likes: 0
Received 0 Likes
on
0 Posts
"You'll probably find that first half 2016 loss was largely attributed to the introduction of the new aircraft type."
about half of that amount due to atr introduction costs.
k2.3 mil atr direct costs
k13.3 mil impairment of dash 8 lease costs
k5.0 mil early dash 8 lease termination costs.
whichever way you look at it both airlines are money pits...financial disasters for shareholders.
about half of that amount due to atr introduction costs.
k2.3 mil atr direct costs
k13.3 mil impairment of dash 8 lease costs
k5.0 mil early dash 8 lease termination costs.
whichever way you look at it both airlines are money pits...financial disasters for shareholders.
Join Date: May 2014
Location: Perth
Posts: 22
Likes: 0
Received 0 Likes
on
0 Posts
"You'll probably find that first half 2016 loss was largely attributed to the introduction of the new aircraft type."
about half of that amount due to atr introduction costs.
k2.3 mil atr direct costs
k13.3 mil impairment of dash 8 lease costs
k5.0 mil early dash 8 lease termination costs.
whichever way you look at it both airlines are money pits...financial disasters for shareholders.
about half of that amount due to atr introduction costs.
k2.3 mil atr direct costs
k13.3 mil impairment of dash 8 lease costs
k5.0 mil early dash 8 lease termination costs.
whichever way you look at it both airlines are money pits...financial disasters for shareholders.
Yes you have to wonder who is signing the checks for the new ATRs. But seeing as they, PNG Air, have more on order they must be prepared to keep signing them, the cheques that is.
Both ANG and PNG Air are pretty much industry/government owned organisations now anyway- In an impoverished Pacific nation (for whatever reason!!) it is really the only way airlines can run safely nowadays.
I guess that in reality there is only room for one major company and a regional. Plus a few smaller charter companies helping out.
Simple; now to just sort the egos and self interests out!!!!!
Last edited by socksfirst thenshoes; 15th Jun 2017 at 05:56.
The crew shortage is starting to hurt.
Apart from advertising for Fokker F/O's in the National today an email was sent to all crew asking then to accept a short block for the next roster and to also consider reducing their leave as there is not enough crew to cover the roster.
That should create a bit more friction in the ranks as it has been reported one or two pilots will eagerly assist for monetary gain rather than support the majority in their fight against the company.
Apart from advertising for Fokker F/O's in the National today an email was sent to all crew asking then to accept a short block for the next roster and to also consider reducing their leave as there is not enough crew to cover the roster.
That should create a bit more friction in the ranks as it has been reported one or two pilots will eagerly assist for monetary gain rather than support the majority in their fight against the company.
I have been informed that a Notice of Intention to Defend has been submitted to the Court on behalf of the pilot group.
The appeal, date to be advised, will be presided over by 3 Supreme Court Judges.
It is expected that this may occur around September.
The appeal, date to be advised, will be presided over by 3 Supreme Court Judges.
It is expected that this may occur around September.