Proposal to monopolise market
THE proposal by Link PNG Ltd to acquire a majority stake in PNG Air Ltd if executed will be detrimental to the public as there may not be competition in prices in the airline industry.
Link PNG Ltd is a subsidiary of Air Niugini Ltd.
Such application is a planned strategy by Air Niugini to monopolise the airline industry.
By acquiring 60 per cent of PNG Air, Link PNG Ltd will have all the voting rights in airfare pricing and downsizing of employment.
It will be an additional burden for the people and they may not enjoy the current variations in air prices.
The Government through Independent Consumer and Competition Commission should thoroughly check and authenticate the bad and good effects of such a bid.
PNG Air competing with Air Niugini is providing cost-effective advantages to the community.
Jack Kukiwa,
Lae
One thought on “Proposal to monopolise market”
ICCC should not allow Air Niugini to buy out PNG Air. Where there is monopoly, prices will soar and traveling public will suffer.
Comments are closed.