The local agent here said that passengers who are scheduled to fly back or out of Palau through Pacific Flier will be flown through Continental Airlines.
In a statement, the carrier said that it has not been able to secure traffic rights for scheduled flights since it began regular charter flights in April.
It also claimed that it has undergone an ownership change.
The Pacific Flier will change its aircraft which has been leased from Portuguese airline Hi Fly on a wet lease arrangement. It also said it will change aircraft type.
The statement added that it had “launched operations prematurely and foolhardy to continue to operate on parameters now proven to be inappropriate”.
“The launch was done at the time to meet the requirements of major potential tuna shippers and alleged confirmed rights to Asia. History will show that the necessary traffic rights were not forthcoming nor were the perishable shipments,” it stated.
It added that because of the “difficulties in securing traffic rights led to substantial trading losses.”
PacificFlier had been operating regular charter flights between Palau, Brisbane, Guam and Philippines’ Clark Airport.
PacificFlier said it will continue to pursue applications with the United States and Philippine authorities for scheduled traffic rights.
“A complete review of the schedule, timetable and route structure is currently being carried out,” it adds.
The carrier has also undergone a management change since its launch. It is now majority-owned by Australian Grant Vickers, who is executive chairman and president of the airline.
Previously, PacificFlier was owned by Vickers, Australian Reginald Free and New Zealander Rex Banks.
It was learned that Banks who was listed then as CEO of the airline, appears to have left the airline.
The carrier which has only been in service for four months has cancelled all flights until further notice. The re-launch is unknown.
The airline operates an Airbus A310-300 with an operational base in Australia. It is aimed at providing an alternative airline on Palau offering cheap charter flights.
Recently, the airline has been cancelling its flights. The airline initially flew three times a week to Koror from Clark but later on it was reduced to two times a week.
