PNG Air latest loss
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Join Date: Jul 2003
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Anyone who invests even a cent in any airline needs his head read imho let alone pixi or pngair.
I feel sorry for all the poor buggers with a super account in New Guinea which have a lot of money tied up with those two airlines,they will never see a return on their money, ever !!
I feel sorry for all the poor buggers with a super account in New Guinea which have a lot of money tied up with those two airlines,they will never see a return on their money, ever !!
Join Date: Oct 2014
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It's pretty obvious tha PNG Air have a long term plan in terms of where they would like to be in 5 years and beyond.
Sources tell me that the progressive introduction of the ATR has proven to be a good business decision by the airline.
Obviously the industrial issues next door are currently having a positive impact on their business.
Whilst corporate charters probably kept them afloat in a time when they required more cashflow to keep the props turning, the bread and butter is still in the domestic RPT sector - and it always will be.
Seriously doubt that the merge idea will be thrown on the table again.
Sources tell me that the progressive introduction of the ATR has proven to be a good business decision by the airline.
Obviously the industrial issues next door are currently having a positive impact on their business.
Whilst corporate charters probably kept them afloat in a time when they required more cashflow to keep the props turning, the bread and butter is still in the domestic RPT sector - and it always will be.
Seriously doubt that the merge idea will be thrown on the table again.
Hopefully their plan works out.
