Shareholder confident of firm’s economic input

 A shareholder company of Airlines PNG says it has confidence in the airline to bring development to the country.

Mineral Resources Development Company managing director Augustine Mano said the company, which owned 41.1 per cent shares, had invested in the airline expecting it to contribute to the economic growth through improved and competitive services.

“Compared to a year ago, about 80 per cent of this company is owned by Nasfund, MRDC, Fly River Provincial Government, landowners of Ok Tedi and another  15  per cent by other Papua New Guineans,” Mano said.

“We believe in the future and in the past two years, APNG has invested on a sustainable business model based on discipline, innovation, people and just one brand.

“MRDC has been a major supporter of APNG because of the alternate services it provides to the country. 

“We were effective by increasing the investment in the company because of the long-term view to take and provide affordable service to the people.

“Investment we make in aviation will not only bring returns to our shareholders, but in the long term, lift the standard for the people. 

“We see major growth afforded in domestic aviation as the living standard improved.”