Link PNG

Airlines apply for PNG Air share

Both PNG Air and Link PNG believe ICCC approval of this will benefit Papua New Guineans and travellers.

Link PNG chairman, Sir Kostas Constantinou, and PNG Air chairman, Augustine Mano, advised that the proposed joint venture between Link PNG and MRDC is based on PNG Air remaining as an independent airline, setting its own airfares and selling its own tickets separately from Air Niugini. 

Link PNG partners with landowner firm

The MOU sets the platform for a partnership arrangement between Link PNG and the landowner company to operate regular charter flights into Komo Airfield.

Link PNG acting general manager, Alex Kia, said the national airline is proud of the step taken towards the partnership arrangement, and is confident this partnership with one of the biggest landowner companies (LANCOS) in the country will contribute to nation building as the country journeys through an uncertain period brought on by the COVID-19 pandemic.

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Link PNG welcomes new addition

The second Q402 adds significant capabilities to the Link PNG operation following the arrival of the first Q402 aircraft in January 2020.

This aircraft has almost 50 percent more passenger capacity than Link PNG’s present Dash 8’s and operates at near jet speeds. 

It is also capable of operating into many of the smaller airports that are unable to handle the Fokker jets.

The Q400 will be utilised mostly on the Rabaul sector during the peak period.

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New services to Tufi airport

These new flights will connect Tufi with both Port Moresby and Popondetta.

The new service links the surrounding communities of Tufi to the capital of Northern – Popondetta – and Port Moresby, aiding the movement of public servants and bringing in much needed necessities in terms of health, education and infrastructure materials to drive the government’s agenda on delivery of services to the wider rural community.

LINK PNG COMMENCES NEW SERVICES BETWEEN MOUNT HAGEN AND KIUNGA

The new service links Mount Hagen, an important transport and economic hub for the Highlands region, with the communities and economic developments centred around Kiunga, as well as with Port Moresby, aiding the movement of much needed necessities in terms of health, education and infrastructure materials to drive the governments’ agenda on economic growth and delivery of services to the wider rural communities.

NASFUND accepts Link PNG offer

In a statement, NASFUND says the decision by the Board of Directors to accept the offer is a purely commercial decision and is in the best interest of the Fund and its members.

NASFUND holds 39.29% of the total shares on issue and is the largest institutional investor in PNG Air.

Since 2008 NASFUND has invested in PNG Air K76 million, comprising of K31 million in equity and K45 million as a loan provided to PNG Air as part of rescue packages given between 2016 and 2017 by the major shareholders.

PX clarifies PNG Air share buy proposal

Air Niugini CEO, Bruce Alabaster, assured that PNG Air will remain a separate corporate entity, maintain its own brand, and that there will not be any job losses.

Alabaster explained these following misconceptions that the proposal was a merger.

Air Niugini CEO, Bruce Alabaster, says the proposal to purchase 40% of NASFUNDs shareholding in PNG Air is just that, and there was no merger.

PNG Air will remain independent: Link PNG

General Manager Alex Kia said: “It is absolutely our intent that PNG shall continue to have two separate airlines, PNG Air and Air Niugini, and that there will continue to be a strong, competitive domestic market with options for travelers.”

Link PNG intends that this will be achieved by means of a joint operating agreement between the airlines, which will ensure PNG Air continues to service its customers under its existing brand and at its own prices. 

Link PNG decision ‘terrible’

It will be a terrible move which will be extremely detrimental to the travelling public of Papua New Guinea as there will be no competition,” said the airline.

“In a monopoly, price of airfares will rise, efficiency will decrease and Link PNG, through its holding company Air Niugini, will have absolute power to dictate to the travelling public how, when and where they will travel in the future.  

Views welcomed on proposed Link PNG merger

ICCC said Link PNG Limited, a subsidiary of Air Niugini Limited, has submitted an application seeking authorisation for its proposed acquisition of up to 60 percent shares in PNG Air Limited.

“Link PNG proposes to firstly acquire 40 percent of the shares in PNG Air owned by National Superannuation Fund Limited (NASFUND); and followed by the acquisitions of shares of minority shareholders,” revealed ICCC.