by Bridgette Komatep – EM TV, Port Moresby
Venturing into the aviation industry to do business is challenging, yet rewarding.
This was highlighted by Retired Lieutenant Colonel, John Imaka, the Chief Executive Officer of Pacific Air Limited.
The helicopter business financiers include the North Fly District in the Western Province and the National Development Bank.
All business partners were at the National Air Services Hanger in Port Moresby for the official welcoming of the helicopter, recently.
Venturing into the aviation industry is not an easy business as discovered by entrepreneur, Retired Lieutenant Colonel John Imaka. He commended the government’s SME Policy.
The helicopter will be used for charter basis. It will trade as Pacific Air Limited however, the company will operate out of Tedi Diro’s National Air Services Hanger at 7 mile in Port Moresby.
The business ties and relations between Mr Imaka and Retired PNGDF Brigidier General, Ted Diro has its roots in the military circle. As a retired Brigidier General, Ted Diro, wants to mentor and assist former soldiers, particularly army pilots to venture into aviation business.
Costing over K2 million, this business venture is the first for the National Development Bank to finance 50 per cent while partner North Fly District chipped in the other half.
To further support the helicopter business, the North Fly District has committed to subsidising all flights into the district.