ACIA Aero Leasing announced it has delivered two ATR 72-600 passenger aircraft to PNG Air, Papua New Guinea’s leading domestic carrier, as part of the airline’s fleet modernization strategy.
The aircraft, configured with 70 seats, will support PNG Air’s efforts to strengthen connectivity across Papua New Guinea’s remote communities. The delivery is part of the airline’s three-year strategic plan to transition to a single-type fleet.
“We are delighted to partner with PNG Air in expanding its fleet with two additional ATR72-600s,” said Mick Mooney, ACIA’s Chief Executive Officer.
“PNG Air plays a critical role in providing regional connectivity and essential domestic services across Papua New Guinea. The ATR’s proven efficiency and economics make it the ideal aircraft for connecting the country’s remote communities,” Mooney added.
Brian Fraser, Chief Executive Officer of PNG Air, said the investment represents a pivotal milestone for the carrier.
“The ATR72-600 offers proven efficiency, reliability, and capacity, which are essential as we streamline our fleet, improve operational performance, and position the airline for sustainable growth,” Fraser said. “Partnering with ACIA enables us to accelerate our transition to a modern, single-type fleet that not only enhances the customer experience but also delivers long-term value for our shareholders and stakeholders across Papua New Guinea.”
PNG Air has been connecting communities across Papua New Guinea for nearly four decades. Listed on the Port Moresby Stock Exchange since 2008, the airline is majority-owned by Papua New Guinean institutions, including the MRDC Group and NasFund, with support from approximately 2,900 local shareholders.
The carrier flies to more than 22 destinations, providing essential passenger and cargo services. In 2024, PNG Air carried over 150,000 passengers. With the arrival of the new ATR 72-600 aircraft, the airline is completing its transition to an all-ATR fleet.
ACIA Aero Leasing, a subsidiary of ACIA Aero Capital and headquartered in Ireland, was established in 2004. The company manages a portfolio of nearly 70 regional passenger and freighter aircraft on lease to operators in more than 22 countries globally.
