Airports Fiji Limited is the single largest contributor to the government’s overall collection of dividends from state run enterprises.
Attorney General and Minister for Economy Aiyaz Sayed-Khaiyum stated this in his address at the Fiji Institutes of Accountants 2017/2018 Budget Symposium.
Sayed-Khaiyum says Airports Fiji Limited has publicly declared that they will be giving the government a dividend of $43 million, which is about 95%of all the dividend the government is going to collect.
He says by getting in the right partners, an organization will be able to provide a particular level of service and change in culture within itself.
Sayed-Khaiyum says the idea about divestment or getting new partners is not necessarily about raising capital or cash flow, its more to bring about a level of energy and synergy to help it fit in within the overall economic output of the country.
He says Airports Fiji Limited is doing really well but to get some private sector participation, whether by way of divestment or concession, a company needs to bring in the right player so that it can provide a new opportunity for everyone.
Sayed-Khaiyum says if an established company is brought in, they may bring with them some airlines that may fly to Fiji or be able to give some connectivity and that’s why they need to be strategic with who they bring in.
