In brief: Credit Corp profit down after completion of LNG plant, and other business stories

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Credit Corp profit down, companies begin closing offshore foreign currency accounts, and new air navigation system to be installed across Papua New Guinea. Your weekly digest of the latest business news.

Launch of Link PNG marks start of expansion plans for Papua New Guinea’s national carrier

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Air Niugini is looking to expand its services to other Melanesian countries from 2015, and possibly China in coming years. The plans follow the launch of its new low-cost domestic subsidiary, Link PNG, which has implications for other state-owned enterprises.

Air Niugini adapts to changing aviation industry by launching domestic subsidiary

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National carrier Air Niugini is aiming to deliver more choice for Papua New Guinean travellers through the establishment of Link PNG, a new low-cost domestic subsidiary.