Fiji Time: 4:49 AM on Saturday 25 October

Fiji Times Logo

/ Front page / News

Drop in airline debt

Felix Chaudhary
Wednesday, May 07, 2014

FIJI Airways has reduced how much it owes the Fiji National Provident Fund and has also made early repayments to the financial institution.

The national carrier's managing director and CEO Stefan Pichler said the loan amount was now $60million lower than the initial agreed figure of $181.2million.

Fiji Airways' ability to raise money from European banks for the acquisition of three Airbus A330 aircraft has resulted in the airline choosing not to draw down $35.5million left over from the original loan with FNPF.





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. Kepa's not weak
  2. Full pay while on leave
  3. Ryan's fight to help 7s
  4. Emotional experience
  5. Fear not, go to the hospital
  6. Hindus give thanks
  7. Call to probe e-ticketing
  8. FRCA officials remember fallen colleagues
  9. UN hails Fiji's effort
  10. Print media an effective cancer awareness tool

Top Stories this Week

  1. Death shocks family Monday (20 Oct)
  2. Biman gets nod Saturday (18 Oct)
  3. Inside Fiji sevens Tuesday (21 Oct)
  4. Budget overspent Wednesday (22 Oct)
  5. Public access Tuesday (21 Oct)
  6. Forgery suspect still in remand Tuesday (21 Oct)
  7. Kepa's not weak Friday (24 Oct)
  8. Full pay while on leave Friday (24 Oct)
  9. $20m in excess Wednesday (22 Oct)
  10. Ryan's fight to help 7s Friday (24 Oct)