Fiji Time: 9:59 AM on Wednesday 28 January

Fiji Times Logo

/ Front page / News

No problem, says FNPF

Maciu Malo
Saturday, February 09, 2013

THE resignation of Air Pacific chief executive officer David Pflieger will not hinder nor affect the $200million loan repayment by Air Pacific to the Fiji National Provident Fund.

FNPF chief executive officer Aisake Taito said the loan agreement was made with Air Pacific and not Mr Pflieger.

When asked on the resignation and the impact it will have on the loan repayment, Mr Taito said "it's news to me that the Air Pacific CEO has resigned".

"As for the loan, it was an agreement between the FNPF and the Air Pacific which is an entity and not Mr Pflieger. The loan is for the company and not him and Air Pacific has been servicing their loan on time and when it's due for payments.

"Other than that, we cannot disclose any further information about the loan because it is confidential."

Under Mr Plieger's reign as the airline CEO, the Air Pacific announced new additions to its fleet last year with the order of three new Airbus A330-200 aircraft, all valued at a catalogue price of USD$600 million ($F1.069billion).

Mr Pflieger earlier stated a funding of about $200m from FNPF and 85 per cent offshore investments for the new air fleet.





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. PAC concern
  2. Dream come true for family
  3. Change affects Facebook
  4. Suspects in custody
  5. Keeping heads above water
  6. Australia, Fiji to face each other again in Wellington
  7. Have a dog licence
  8. Halai set to join Wasps next season
  9. Tragic end to tour
  10. Focus on China

Top Stories this Week

  1. Opposition challenges PM to walk the talk Friday (23 Jan)
  2. Old market to turn into live fish shop Tuesday (27 Jan)
  3. Ten days time Thursday (22 Jan)
  4. PM's apology to Fiji Saturday (24 Jan)
  5. FRCA terminates officers Tuesday (27 Jan)
  6. Things you didn't know about Kuridrani Monday (26 Jan)
  7. Ba retains title Monday (26 Jan)
  8. New-look bus station plans Tuesday (27 Jan)
  9. Man charged for assaulting daughter Monday (26 Jan)
  10. Four in custody Tuesday (27 Jan)