Fiji Time: 10:43 AM on Saturday 27 May

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 0.65410.6351
JPY 54.851651.8516
GBP 0.37340.3654
EUR 0.43260.4206
NZD 0.69690.6639
AUD 0.65350.6285
USD 0.48690.4699

from

$0.00

Exchange Rate updated on 26th, May, 2017

Today's Most Read Stories

  1. 'Fijian' sparks debate
  2. Repairs to 32 schools by Oct
  3. $2m generated from Super Rugby match
  4. Road authority utilises $23m for repair works
  5. Inquiry bid foiled
  6. Canegrowers prepare for season
  7. Risky crossing for users
  8. Ministry certifies twenty-six growers
  9. Water woes almost over
  10. Farmers protest

Top Stories this Week

  1. A-G sounds warning Sunday (21 May)
  2. Man wants house back Wednesday (24 May)
  3. Qoro on Pleass board Monday (22 May)
  4. Henry's debt to mum Wednesday (24 May)
  5. Work cut out Monday (22 May)
  6. Toorak youths distraught over lost jerseys Tuesday (23 May)
  7. Mystery chests, villagers warned Wednesday (24 May)
  8. Pillar of strength Wednesday (24 May)
  9. Thank you midwives Monday (22 May)
  10. Rabuka not happy Wednesday (24 May)