Fiji Airways has initiated the repayment of a $75 million loan it received four years ago from the Fiji Development Bank. This loan was part of a more extensive government-backed financial package totaling $445 million, aimed at supporting the airline’s operations during the challenging times of the COVID-19 pandemic. The news was disclosed during a recent meeting of the Parliamentary Standing Committee.
It is encouraging to see Fiji Airways beginning to fulfill its financial commitments, which signals a step towards recovery for the airline and the broader aviation sector in Fiji. This positive development reflects the resilience of the airline in navigating through crisis, and it could foster renewed confidence among stakeholders and travelers alike as the industry continues to rebound.
In summary, Fiji Airways is now on a repayment path for a significant loan acquired during the pandemic, showcasing progress in their operational recovery.
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