Papua New Guinea's national airline, Air Niugini says it expects to make about $10 million in a code-sharing arrangement with Australia's flag-carrier, Qantas, this year.
Air Niugini acting chief executive Stephen Wilks says the airline is leasing a Boeing 767 aircraft from Air New Zealand to meet the requirements of Qantas under their code-sharing arrangements.
Mr Wilks made the announcement while outlining the airline's five-year recovery plan.
He said code sharing sees one airline purchase blocks of seats and cargo space on a flight operated by another airline and then sell them to its own customers under its own flight number for the service.
Mr Wilks says he is confident Air Niugini will turn a profit this year, despite the decline in the value of the PNG currency, the Kina, and the bleak world economic outlook brought about by the war in Iraq.
01/04/2003 16:39:39 | ABC Radio Australia News
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