A-G clarifies ownership

WAQAVUKA Holdings Ltd — the offshore company that is leasing Airbus A330 aircraft to Fiji Airways — is 100 per cent owned by the national carrier.

This was the statement by Minister Responsible for Civil Aviation, Aiyaz Sayed-Khaiyum, in Parliament on Thursday.

He was responding to a query by Opposition Parliamentarian, Niko Nawaikula.

Mr Nawaikula had asked Mr Sayed-Khaiyum to explain or clarify the ownership or leasing arrangement of the Airbus aircraft because of rumours that the planes were owned by Waqavuka Holdings with interest in Ireland and Germany.

The A-G responded by saying Mr Nawaikula would serve himself well, if he stopped relying on rumours.

“As has been explained previously, Waqavuka Holdings is 100 per cent owned by Fiji Airways,” explained Mr Sayed-Khaiyum.

“The reason why we have a separate company is because to satisfy the financiers offshore.

“So, you have actually a leasing arrangement with the Waqavuka Holdings and the financial arrangements are with them which is owned, of course, by Fiji Airways.

“There is nothing untoward about that. As you stop relying on rumours, he can go and do a company search himself and find out exactly what it is.

“He is a lawyer, he knows where the company office is.”

More Stories