“The next two years will be going to be tough but we need Fiji Airways to come back strongly for the future of the country.”
Fiji National Provident Fund’s CEO, Jaoji Koroi has made this comment adding that Fiji Airways is a strategic asset for Fiji and having a strong airline is crucial for their investment in the tourism industry.
Koroi says they had an investment with Fiji Airways through a loan and that has yielded good results over the years where FNPF members have received closed to $30 million through interest from this lending facility.
The FNPF has again come forward and is providing a loan of $53.6 million to Fiji Airways which will be guaranteed by government.
Koroi says they are going through a cycle and they need this strategic asset of Fiji to grow.
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