Fiji Airways has commenced the repayment of a $75 million loan, which it secured from the Fiji Development Bank four years ago. This loan was part of a substantial government-backed financial package totaling $445 million, aimed at supporting the airline during the challenging times of the COVID-19 pandemic. The update on the airline’s repayment plan was disclosed during a Parliamentary Standing Committee meeting.
This marks a significant milestone for Fiji Airways as it begins to fulfill its financial obligations, indicating a potential recovery and stabilization of its operations post-pandemic. The responsible handling of loan repayments can enhance the airline’s credibility and improve its financial standing, paving the way for future growth.
In a time when many airlines are still struggling with the effects of the pandemic, this positive step by Fiji Airways reflects resilience and a commitment to recovery. More details on this development will be available in tomorrow’s edition of The Fiji Times.
Hope exists for a brighter future as the airline navigates its path back to robust operations in the aviation sector.
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