Fiji Time: 6:50 AM on Wednesday 31 August

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.

Westpac
Code Inward TTs Outward TTs
CAD 0.64110.6221
JPY 50.839947.8399
GBP 0.37450.3665
EUR 0.43990.4279
NZD 0.68580.6528
AUD 0.65370.6287
USD 0.49430.4773

from

$0.00

Exchange Rate updated on 30th August 2016

Today's Most Read Stories

  1. Ryan's plan to return to Fiji
  2. 'No place like Fiji'
  3. Ryan's big day
  4. 'Loud noise' panic
  5. Child crushed to death
  6. Safe arrival for Fiji Airways flight FJ811
  7. Former Methodist church president passes on
  8. Probe into aircraft incident begins
  9. Interest rates to increase
  10. TELS board seeks prompt applications

Top Stories this Week

  1. Mata signs new deal Sunday (28 Aug)
  2. Wong helps Rawaca get a gold medal Friday (26 Aug)
  3. 1 charged, 2 under probe for break-in Thursday (25 Aug)
  4. Veremalua gets help from Ryan on overseas contract Saturday (27 Aug)
  5. Ryan's plan to return to Fiji Tuesday (30 Aug)
  6. Violence stops TISI Sangam annual meeting Sunday (28 Aug)
  7. Kolinisau surprises fans with Macuata dialect Friday (26 Aug)
  8. Ryan may return Friday (26 Aug)
  9. 'No place like Fiji' Tuesday (30 Aug)
  10. Ryan's big day Tuesday (30 Aug)