Fiji Times Logo

Fiji Time: 12:26 PM on Saturday 30 August

/ 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. Rebels take our soldiers
  2. Mother prays for son's safety
  3. Businessman on $2k bail
  4. PM assures nation
  5. UN calls for immediate release of Fijian men
  6. WHAT THE PARTIES SAY
  7. Request rejected
  8. Majority want to know more about our land
  9. Rooney to lead
  10. Sensitive and interesting

Top Stories this Week

  1. Numbers list stays Monday (25 Aug)
  2. Shocking discovery Tuesday (26 Aug)
  3. Van Gaal unhappy Wednesday (27 Aug)
  4. Woman of faith Monday (25 Aug)
  5. Unacceptable Tuesday (26 Aug)
  6. Commander confirms captured soldiers 'safe' Friday (29 Aug)
  7. Police act Wednesday (27 Aug)
  8. Man wants death probe Monday (25 Aug)
  9. Unhappy Fijians Tuesday (26 Aug)
  10. Show of support Thursday (28 Aug)