PALAU MICRONESIA AIR is the name of a new regional airline, expected to introduce operations next April, and based in Koror, Republic of Palau. Last month Air New Zealand signed a Memorandum of Understanding with Palau's start-up airline, Palau Micronesia Air, committing to provide a range of support services for the new company which commences services in April 2004. The airline will have no engineering and operational infrastructure of its own but will operate its two Boeing 737-300 aircraft under Air New Zealand's AOC. Palau's main airport in Koror is currently used by Continental Airlines, which offers scheduled services to the island, and Japan Airlines, which operates charter flights. The island of Palau is an independent Republic (since 1994) located in the north-western Pacific, south-west of Guam. Its main income is derived from tourism and fisheries.
http://www.palau-air.com