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Will Airlines PNG survive?

Old 30th Mar 2020, 19:28
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Will Airlines PNG survive?

Bloomberg identifies Airlines PNG as one of the 10 airlines Most likely to go under because of the current crisis. finance(dot)yahoo(dot)com/news/airlines-most-danger-going-under-035548868.html
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Old 31st Mar 2020, 01:07
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More Importantly; Airlines PNG does not exist. The company was renamed PNG Air some years ago prior to the introduction of the ATR aircraft.
Mr. Bloomberg is so far out of date
I thinks its owned by the National Super Fund, so unlikely
They seem to be doing plenty of Government flying...

Last edited by Mumbai Merlin; 31st Mar 2020 at 01:13. Reason: additional text
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Old 31st Mar 2020, 03:44
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Originally Posted by Mumbai Merlin View Post
More Importantly; Airlines PNG does not exist. The company was renamed PNG Air some years ago prior to the introduction of the ATR aircraft.
Mr. Bloomberg is so far out of date
I thinks its owned by the National Super Fund, so unlikely
They seem to be doing plenty of Government flying...
I think itís Wimbles that is using the old name (I do the same sometimes and know of others that still call it MBA). Bloomberg have the correct name in the article.

https://www.bloomberg.com/news/artic...2-billion-blow
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Old 31st Mar 2020, 11:28
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Think you will find the AOC etc is still APNG, itís purely a marketing thing with regards to PNGAir.

And there by all debit are still APNG. PNGAir could be considered solely as a trading name.

MBA eventually went bankrupt but the Wilds had already created the company APNG if SP hasnít fried my memory.
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Old 31st Mar 2020, 22:50
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With the latest appointment across the road, Nope.
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Old 1st Apr 2020, 04:56
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They'll probably weather the storm. Tropicair apparently is on very shaky ground, but probably not of interest to Bloomberg.
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Old 1st Apr 2020, 06:50
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TropicAir owned by RH which is logging, vision city, hyper mart, tufi dive, forestry produces, the whole of Bulolo, Cosmo, just to name a few....

More chance of EVERY other airline / charter company closing before them.
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Old 1st Apr 2020, 07:02
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You might be correct, but then:

How much logging do you think the Malaysians are doing right now?
Vision City? Mostly closed
Tufi Dive? Canít see tourists queued up at the moment
Forest products? How they doing?

Aviation is an expensive business, especially when your bleeding from every other limb. The other sectors arenít immune to COVID 19 either. Medevac would be a good earner right now if they hadnít been caught by the government doing something shonky at the start of the ban.
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Old 1st Apr 2020, 12:05
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Think TA will be ok.
Have a read & please donít tell me you thought the Honeys owned all this.....

http://www.ipsnews.net/2016/04/opini...ua-new-guinea/

https://en.m.wikipedia.org/wiki/Rimbunan_Hijau


https://en.m.wikipedia.org/wiki/Tiong_Hiew_King

Last edited by geeup; 1st Apr 2020 at 21:16.
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