About. The airline connects major cities in Pacific Asia, … Have a look at some of the bailout packages required to keep these airlines afloat. “KCH and Air Niugini are working on a number of options to raise extra working capital,” Mr Muthuvel said. Pursuing Quality!
Air Niugini is dying. Post was not sent - check your email addresses! The turnaround has continued in the first quarter of this year, with PNG’s national airline recording a profit of K2.2 million.
September PNG Celebrates its 10th year of Independence.
Where is our government finding money to support this dinosaur when they can’t even provide basic health care, schools, roads and sanitation for its people? Last PX Boeing B707 flight (P2-ANB). Sorry, your blog cannot share posts by email. Air Niugini.
This was despite revenues rising 4.9 per cent to K908.7 million.Reported losses in the first quarter of this year also worsened. Credit: Air NiuginiThe group recorded a profit of K18.9 million in the first quarter of 2019, compared with a loss of K19.6 million in the first quarter of 2018.The KCH results come at a time when the Prime Minister, James Marape, has reportedly The losses in 2018 were attributed to the impact of ‘lower than expected yields associated with a reduced operating schedule’ and ‘increased competition on domestic and international sectors.’ Increased costs were associated with crewing and international aircraft fleet leases and the losses of two aircraft.‘A significant management restructure is required to build value and restore subscriber confidence, whilst consolidating its network to drive efficiency and security.’‘The results of the first quarter of 2019 demonstrate a significant turnaround for Air Niugini, driven by a management restructure, cancellation of loss-making international sectors and a focus on operating efficiency and staff productivity,’ KCH said in its report.A PNG Power worker at the Yonki Dam hydro power plant. I used to sit in your lesson class and you used to be our leader and our Senior Elder at Korobosea SDA Church. The post Record online readership for Business Advantage PNG appeared first on Business Advantage International.The COVID-19 crisis has sent economic shockwaves around the world and seen businesses in PNG and elsewhere cut costs. collude to loot and rob the Department mercilessly. “I am not aware on any sale of Air Niugini,” … National Planning Department remains unabated as Secretary Koney Samuel Only with Air Niugini Tours! Time: 01:28:12 . The losses in 2018 were attributed to the impact of ‘lower than expected yields associated with a reduced operating schedule’ … I was so happy and excited when you were elected the 8th Prime Minister (PM) of the Country. A new Airbus was provided … Lawrence Titimur outlines the home ownership scheme for Air Niugini. The company incurred a loss of K61.1 million in 2018, but this was an improvement on the K115.7 million of the previous year. This was despite an 11 per cent rise in revenue to K480.7 million.The losses have continued in the first quarter of this year. Travel For Business and Win! The state’s telecommunications company, which includes subsidiaries Telikom PNG, Bmobile, PNG Dataco and EMTV, lost K12.1 million, although this was a slight improvement on the previous corresponding period.‘KTH’s performance is still dominated by network reliability issues, poor productivity and escalating costs,’ the report said.‘A significant management restructure is required to build value and restore subscriber confidence, whilst consolidating its network to drive efficiency and security.’PNG Power’s financials have deteriorated, according to the figures released by KCH. He discusses his ongoing involvement in other trade union organisations. Air Niugini is the national flag carrier of Papua New Guinea, connecting the capital, Port Moresby.
Holiday Inn & Suits Innovative Agro Industry Ltd Paradise Cinema Trends Beauty International Airways Hotel – Port Moresby Find Out More. officers are believed to be only a tip of ice-bag.You could recall a K2 million cheque payment was reported to have been released in late 2018 to the Southern Highlands He has been calling on management reform for years and despite the revolving door at the top, they continue to fail.Highly profitable airlines around the world continue to file for bankruptcy protection and contract their operations out with thousands being terminated daily.These are the realities of all airlines worldwide yet the national airline of Papua New Guinea – owned by the government cannot understand this.Its business model has turned its back on the people of PNG to ensure the flag is flown overseas.Now that the international market has been taken away from them, they are seeking to get back to their forgotten customers.Air Niugini may have been successful in the economy of the 1980s.Look for countries who have 100 per cent ownership in their airlines.Have a look at some of the bailout packages required to keep these airlines afloat.Where is our government finding money to support this dinosaur when they can’t even provide basic health care, schools, roads and sanitation for its people?The closure of the Brisbane sales office for an indefinite period, grounding of aircraft during the Covid-19 highlights the loss of income stream.But still pilots and cabin crew on selected fleets remain on full pay.Are they all collecting full pay cheques whilst many of their employees are struggling to feed themselves?That airline is a charity and without serious management strengths, will never walk the earth again.As they have now turned back to the domestic market they neglected for years, they have found that it has changed.The free air skies policy of the late 1990s put in place to provide competition in the market place to attract purchasers of Air Niugini have failed.No one wants to invest in them as the true value is absolutely nothing.PNG Air Ltd in the late 1990s provided an air transport licence to ensure that competition could be not only established but to ensure that a true market value could be established for the government to offload the dinosaur.So why does the government continue the lifeline to the dinosaur in an SOE that has no income revenue stream.PNG Air Ltd is the underdog – it does not receive cash injections from the government.It has to be managed and it has been nursed through many historical events and is now being nursed through this economic illness with serious decisions being made by serious management.This is why it is so successful; it is fully owned by the people for the people and is managed by the people.Nearly 90 per cent of the workforce throughout the company is Papua New Guinean, 100 per cent cabin crew, 88 per cent of the pilots.That is their commitment to their business model and their ongoing adherence to their business plan.The recent announcement by the new GM to Link PNG is simply the words from the previous GM who is now at the helm of the parent dinosaur company and has inherited the problem that nobody else has been able to fix for over 20 years.It cannot be fixed by borrowing more money to stifle competition and go directly against the government’s open skies policy – not while it is government owned.Take note, it was falsely declared in their submission (to buy shares in PNG Air) that no one would lose their jobs.Think about it, there would be hundreds of losses affecting thousands as duplicate handling staff jobs would be merged and sale offices combined.This is the reality to this proposal.
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