So then; How long before the whole Airline goes bagarup?:(
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People have been asking that question for decades
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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. |
Oh Logona you've done again son.
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Seems the info I provided above was incorrect.
It was not 5 u/s Fokkers but in fact it was 8. Not bad out of a fleet of 11. |
If the remaining 3 depart on time, we have a 100% departure rate.
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Originally Posted by olderairhead
(Post 9800641)
Seems the info I provided above was incorrect.
It was not 5 u/s Fokkers but in fact it was 8. Not bad out of a fleet of 11. |
Foo still in charge ?
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The 3 stooges (S, S & R) are still running the side show. Can't you tell?
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What about old King Julien, Mr Durrani, his stench still wafting thru the halls of power?
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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. :ugh: Enjoy the ride. |
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:rolleyes: |
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.
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"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. |
Originally Posted by faheel
(Post 9801613)
"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. 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!!!!! |
What makes you think they are being run safely ?
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Originally Posted by Mangi Fokker
(Post 9802525)
What makes you think they are being run safely ?
Fair point |
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. |
olderairhead,
there will always be some "jellymen" in aviation ie spineless people with no moral compass. |
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. |
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