Prime Minister, Voreqe Bainimarama with Chairman of Fiji Airways
, Nalin Patel
has paid its major shareholder, the Fijian Government, a dividend of more than $2.5M following its record profit of $60.8M last year.
The dividend allocation to the government which owns 51% of the airline is part of an overall payment of just under $5M.
Chairman of Fiji Airways, Nalin Patel says the rest is shared with the other major shareholder, Qantas - which holds a 46 per stake in Fiji Airways - plus the other shareholders - Air New Zealand and the Governments of Kiribati, Tonga, Samoa and Nauru.
says last year's operating profit by Air Pacific Limited
, trading as the Fiji Airways Group
, was more than double that of the previous best result in 2005 and today's dividend payout is the first since 2008.
says Fiji Airways
is delighted to be in a position to share its financial success by giving a return to its shareholders as well as rewarding its staff through its profit-sharing scheme announced in February.