PNGAir
Join Date: Jun 2010
Location: Melbourne
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Funny you say that just had that confirmed by someone in the office, seems he's not only hated by pilots it turns out 🤣
Looks like PNG Air has been delisted / suspended from trading on the POM Stock Exchange.
https://postcourier.com.pg/png-air-delisted-pomsox/
https://postcourier.com.pg/png-air-delisted-pomsox/
Join Date: Mar 2010
Location: Seth Afrika
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Major Shareholders in PNG Air are MRDC (wholly owned by the Govt) through investments, and NASFUND (mostly owned by the employees of PNG) by compulsory superannuation payments.
Says a lot for PNG when a company holding so much of the country's/people cash is allowed to get away with non financial reporting to be delisted from POMSOX.
Says a lot for PNG when a company holding so much of the country's/people cash is allowed to get away with non financial reporting to be delisted from POMSOX.
Join Date: Jul 2003
Location: woop woop
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Says a lot for PNG when a company holding so much of the country's/people cash is allowed to get away with non financial reporting to be delisted from POMSOX.
NAS fund and MRDC should be held accountable for wasting members funds by investing in the company, they hold virtually no assets, the aircraft are leased ,the only people making money out of this fiasco are the upper management of apng and the board members.
The board should have been sacked years ago for not looking after the shareholders interests instead of their own, but hey this is PNG one of the most corrupt countries on the planet. !
In other words...ops normal
Last edited by faheel; 17th Jan 2019 at 01:11. Reason: typo