Fiji Airways has commenced the repayment of a significant $75 million loan obtained four years ago from the Fiji Development Bank. This financial support, part of a larger $445 million government-backed loan, was crucial in helping the national airline sustain its operations during the challenging times posed by the COVID-19 pandemic.
This development was disclosed during a Parliamentary Standing Committee meeting, highlighting the ongoing efforts to ensure the airline’s financial recovery and stability post-pandemic.
This news offers a glimmer of hope as Fiji Airways works towards regaining its footing in the aviation sector, which has been heavily impacted by the pandemic. The initiation of loan repayments signals a positive step forward in the airline’s recovery efforts and reflects a gradual return to normalcy in air travel and tourism in the region.
This story underscores the importance of financial support during crises and showcases the resilience of Fiji Airways as it navigates its path to recovery.
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