Papua New Guinea flights grounded amid FX dispute
Central bank accuses fuel supply firm of failing to repatriate foreign exchange earnings
Papua New Guinea’s airlines suspended domestic flights on January 5 after the country’s sole fuel supplier halted imports after a dispute with the central bank.
The central bank says the importer, Puma Energy, has violated the terms of its foreign exchange account and is suing it in the courts. Air Niugini, the country’s flag carrier, explained that Puma Energy was having “issues” in obtaining US dollars and had stopped supplying aviation fuel.
Air Niugini announced it was cancelling all
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