AIR NIUGINI IS BROKE
FED UP AIR Niugini is bankrupt and the State Enterprises Minister knows it. He has been calling on management reform for years and despite the revolving door at the top, they continue to fail. Worldwide the airline industry is destroyed. 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. Air Niugini is struggling to live as a dinosaur. 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 requir