Update: 4:58PM FIJI Airways has put to rest claims that the new A330 Airbus aircraft is owned by Waqavuka Financing Limited, a company registered in Dublin, Ireland in the business of renting air transport equipment.
Newly-appointed managing director and CEO Stefan Pichler said the discussions surrounding the ownership of the aircraft were surreal because it was not substantial.
He said Waqavuka Financing Limited was a shell company they required to get credit insurance from its international European banking partners.
"In order to get export credit agency (ECA) credit insurance, we have to have this. All airlines have that but there is no interest of ownership. Fiji Airways owns the aircraft," he said this afternoon.