By Merilyn Diau Katam – EM TV News, Port Moresby
Travel Air ‘Mangi Blo Peles’ has entered into a joint venture partnership with one of the world’s major aircraft leasing companies, Trans Global Investments.
This afternoon a media conference was held where this partnership was announced.
The decision comes following a court order last week.
Chief Executive Office, Captain Emmanuel Kadiko, said that three Fokker 50 aircrafts will be leased under the Air Operators Certificate (AOC).
“Because of the lack of support from national financial institutions, we have to look elsewhere for assistance. And we are happy that Trans Global Investments have come on board, to be part of this great partnership.
“We have set our limit to three aircrafts first and as time goes by, we can extend the fleet,” Kadiko said.
Captain Kadiko added that this new deal ensures that the airline continues to operate in the country, connecting people at affordable costs.
“With Travel Air, it’s about the service. And we strive to build a customer oriented local market.”
Kadiko said that CASA PNG has been informed of this partnership.
In a telephone interview with CASA PNG Chief Executive Officer and Director, Wilson Sagati, he told EMTV News that their office is aware of this partnership.
He added that they have directed Travel Air to proceed with the commercial arrangements with Trans Global Investments.
“As a requirement, we have directed them to proceed with the commercial arrangement and then apply for civil aviation registration,” said Sagati.
Representatives from Trans Global Investments were happy to partner with Travel Air. They include the Chairman, Head of Operations, Head of Finance and Head of Legal.
Kadiko said flight operations will resume, once all arrangements are finalised.