Papua New Guinea carrier PNG Air has converted five options for ATR 72-600 regional turboprops into firm orders. The carrier ordered six ATR 72-600s and took 14 options in 2014. It is scheduled to receive the fifth of its original firm order by the end of 2016. The option conversion is valued at $134 million. The last of the new batch will be delivered by 2022. Formerly known as Airlines PNG, PNG Air is undergoing a major transformation, including rebranding, a fleet renewal plan and a new ...

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