Fiji Airports has reported a sharp rise in pay for both senior executives and board members in its 2024 annual report, with short-term benefits for key management more than doubling and directors’ payments increasing by a similar margin, the report tabled in Parliament shows.
Key management personnel received a total of $1,054,731 in short-term benefits in 2024, up from $485,170 in 2023 — an increase of more than 117 percent. The report says key management personnel include the chief executive officer, the General Manager Air Traffic Management, General Manager Assets and Infrastructure, General Manager Airports, General Manager Finance, Projects Director and General Manager Commercial. Fiji Airports also noted non-cash benefits are provided to senior executives, but did not detail those items in the summary figures.
Directors’ remuneration also rose sharply. Total payments to directors climbed to $155,140 in 2024 from $71,771 in 2023, an increase of roughly 116 percent. Cash director fees more than doubled, increasing from $50,038 to $101,283, while other benefits paid to directors rose from $21,733 to $53,857. The annual report does not specify the nature of the “other benefits.”
Fiji Airports states in the report that all transactions with key management personnel are conducted on standard market terms and are no more favourable than those offered to third parties. The company did not provide further commentary in the public summary on the reasons for the increase in short-term benefits or the higher director payments.
The board listed in the report for the period includes chairman Hasmukh Patel and members Naushad Ali, Mark Morris Halabe, Bhavick Kapadia, Jona Sevura, Emele Sima Duituturaga and Arvind Singh. The annual report was tabled in Parliament recently, making the details officially available to lawmakers and the public.
The figures represent the latest development in corporate disclosures from the state-linked airport operator. Beyond the headline remuneration numbers, the report does not attach additional explanation tying the increases to specific performance metrics, benchmarking, or changes in board or executive composition. With the report now public, further questions from Parliament or stakeholders on remuneration drivers and benefit breakdowns can be expected.
Leave a comment