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Announcements expected soon on planned divestment of AFL shares

Announcements expected soon on planned divestment of AFL shares
Public Enterprises Minister Aiyaz Sayed-Khaiyum

Some announcements are expected soon in relation to the planned divestment of some shares in Airports Fiji Limited.

The government owns AFL at the moment.

Public Enterprises Minister Aiyaz Sayed-Khaiyum told AFL staff today that they are now going ahead with their plan to divest the shares.

And it will be a special Christmas for Airports Fiji Limited workers as AFL will pay $600,000 in Christmas bonus to all the staff.

The bonus pay was approved by the Prime Minister and announced by Sayed-Khaiyum early this morning.

Sayed-Khaiyum took the good news to the staff gathered at Nadi International Airport at about 7 o’clock this morning.

He said the bonus was paid based on a strong financial performance by AFL in 2015.

Sayed-Khaiyum said as per its management accounts, AFL is forecasting an end of the year record profit of $40 million before tax and $32 million profit after tax.

AFL’s Executive Chair Faiz Khan said the bonus will be paid at the rate of 5% of base salary at the time of the bonus payment.

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