On the same subject, the Independent Consumer and Competition Commission is inviting organisations and individuals to submit their views on Link PNG’s proposed acquisition of PNG Air shares. ICCC said Link PNG has submitted an application seeking authorisation for its proposed acquisition of up to 60 percent shares in PNG Air. | TVWAN Online
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#PNGNEWS: The Independent Consumer and Competition Commission has again rejected Link PNG’s bid to buy up to 40 per cent shares in PNG Air. The first attempt to acquire the shares was declined because it would mean a lack of competition. This April a second application was made based on effects of COVID-19 and the decrease in revenue for the airline industry. However, after careful consultation ICCC has declined the acquisition proposal by Link PNG. ICCC Commissioner Paulus Ain says both parties
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