Fiji Time: 4:43 PM on Tuesday 3 March

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. Two appear in court
  2. A-G: Don't interfere
  3. Officers detain international fugitive
  4. Police arrest 6 on drug-related charges
  5. No fear or resistance
  6. Landowning unit to benefit from development
  7. State to reduce debt
  8. Government plans to reduce unemployment rate
  9. $1.6m budget
  10. Tough test

Top Stories this Week

  1. Porn search: Fiji in top ten Friday (27 Feb)
  2. Dead in early morning plunge Friday (27 Feb)
  3. Wife's sorrow Wednesday (25 Feb)
  4. Body find shocks duo Thursday (26 Feb)
  5. 3 walk free Thursday (26 Feb)
  6. A mother's anguish Wednesday (25 Feb)
  7. Humongous sized lemon Thursday (26 Feb)
  8. Leap of faith Monday (02 Mar)
  9. Qiliho: RFMF's role is defined Wednesday (25 Feb)
  10. ITaukei torture cases Thursday (26 Feb)