Fiji Airways has secured vital support from the
Fijian Government as the airline struggles to survive the difficulties
caused by the ongoing COVID19 pandemic.
The bulk of the airline’s international services
have been cancelled through to the end of June 2020, with further
reductions expected in July and August.
The sovereign guarantees will be issued by the
Fijian Government in support of FJ$ 450 million-worth of
initiatives aimed at bolstering the airline’s cash reserves,
including payment deferrals, and new long-term debt financing.
Mr. Andre Viljoen, Fiji Airways Managing Director
and CEO said, “With effectively no travel demand and therefore no
cash flowing into the business, our primary focus since March has
been the preservation of cash reserves, negotiating payment
deferral arrangements with aircraft financiers, lessors, and
suppliers, and raising new debt finance. We are extremely grateful to the Fijian
Government for standing behind Fiji Airways and providing these
guarantees, without which these financing initiatives would not be
possible, and Fiji Airways would not survive.”
Fiji Airways will continue operating dedicated
freighter services that support Fiji’s
export sector and the Fijian economy as a whole.
Between 1 April to 14 May, the airline carried
over 1000 tonnes of freight between Fiji and key trading partners
like Australia, New Zealand, the United States and Hong Kong.
over 622 tonnes of freight carried were exports, comprising of
fresh produce (75%), garments (14%), Kava (6%) and seafood (3%).
Inbound freight consisted of consignments important to Fijian
businesses, as well as essential supplies like vaccines, test
kits, medical supplies and humanitarian aid.
“Governments around the world
have publicly acknowledged the important role airlines play, both
in terms of providing an essential service (transportation) and
facilitating tourism and trade, and have taken action to ensure
that airlines survive the COVID19 crisis. Similar support has
been provided by various governments, even for legacy national
carriers which are now privatised. We are grateful to the Fijian
Government and the Fijian people for recognising the vital role of
Fiji’s national carrier,” Mr. Viljoen added.
Pictures from 2019 Cathay Pacific / HSBC Hong
Pictures from 2018 Cathay Pacific / HSBC Hong Kong Sevens,
Pictures from 2017 Cathay Pacific / HSBC Hong Kong Sevens,
Pictures from 2016 Cathay Pacific / HSBC Hong
Pictures of Cathay Pacific / HSBC Hong Kong Sevens 2015,
Pictures of the Asia Rugby Sevens Olympic Games Qualifier in Hong
Pictures of Singha Thailand Sevens 2015,
Pictures from the 2013 British & Irish Lions Tour in Hong Kong,
Pictures of Hong Kong Sevens 2014,
Pictures of Hong Kong Sevens 2013,
of Chartis Cup 2012 and
Cathay Pacific / HSBC Hong Kong Sevens 2012.