Fiji Airways has commenced the repayment of a $75 million loan sourced from the Fiji Development Bank, four years after the loan was initially granted. This financial support was part of a larger $445 million loan package, guaranteed by the government, aimed at sustaining the airline’s operations during the challenges posed by the COVID-19 pandemic.
This development was disclosed during a meeting of the Parliamentary Standing Committee, underscoring the airline’s gradual recovery from the pandemic’s impacts.
The repayment marks a significant step towards financial stability for Fiji Airways, highlighting the airline’s commitment to returning to a sound fiscal footing post-pandemic. While the journey has been tough, the ongoing repayments demonstrate resilience and a forward-looking approach.
In conclusion, this news brings a positive perspective on the recovery of Fiji Airways, reinforcing the notion that with determination and significant support, businesses can navigate through difficult times and emerge stronger.
Leave a comment