Petition Calls for ICCC to reject Air Niugini's bid to Acquire Part of PNG Air
An online petition is calling on the Independent Consumer and Competition Commission to reject Air Niugini’s bid to acquire shares in PNG Air.
The petition is fast gaining signatories, already with 122 signatures in just two days after the petition was created.
A facebook page has also been created titled “Link PNG’s bid for PNG Air shares – Good or bad”?This call comes after Link PNG Ltd (Subsidiary of Air Niugini) bided to acquire some of PNG Air shares.
PNG Air said it will be a terrible move which will be extremely detrimental to the travelling public of Papau New Guinea as there will be no competition.
PNG Air said if the bid is approved by ICCC, it will affect the cost of air travel in the near future.
The petition says approval of this bid by ICCC may be deemed illegal citing the ICCC Act Section 69 “Certain Acquisitions prohibited” items (1) to (5) specifically safeguard against such business moves in a healthily competitive market environment.
Air Niugini CEO Bruce Alabaster at a business event in Lae spoke of Link PNG proposal to assume control of PNG Air.
He said it is not a merger or a takeover and the position before ICCC is have a robust dual-branded competitive Air Travel in PNG, with one board but two entirely separate businesses.
Alabaster also said if this request is approved there will not be one national staff job loss in either airline.
Statement/FM100/PNG Today
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