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Fiji Time: 11:46 AM on Wednesday 22 May

/ Front page / Business

AFL pays over 70K in remuneration, benefits

Frederica Elbourne
Saturday, June 30, 2012

AIRPORTS Fiji Limited paid $70,540 as remuneration and benefits for its directors last year.

According to the company's 2011 annual report, a total fee of $44,134 was paid to the company's four directors while $26,406 was paid for other expenses incurred during the course of their duties.

This included travel and accommodation, the board said.

The four non-executive directors were chairman Adrian Sofield, Samuela Tamani, Faiz Khan and Greg Lawlor.

Under the company's Articles of Association, the Minister for Public Enterprises retains the "ultimate authority" to determine the remuneration and benefits given to the directors of the company.

Meanwhile, the report said international passenger movements increased to 19.4 per cent in 2011 because of aggressive international marketing campaign promoting Fiji as a tourist destination by tourism stakeholders.

The domestic passenger movement declined by 6.3 per cent partly because of the reduction of domestic aircraft flights, the report said.

The Maximum Certificated Take-Off Weight for aircraft was 910,993 tonnes, a decrease of 4.1 per cent compared to 2010, the report said.

"The company's airfield income is determined by the MCTOW of aircraft landing and taking off at our airport. The international MCTOW decreased by 6 per cent in 2011," the report said.

Domestic MCTOW on the other hand, increased by 2.3 per cent last year, the report said.

Factors like fuel price increase, the world financial crisis and natural disasters â€" particularly those that directly affect Fiji's source markets â€" make it difficult to predict passenger volume for 2012, the report said.