Mr. Nalin Patel, Chairman of Air Pacific's Board of Directors, said that Air Pacific Ltd. and Air Pacific Group both made operating profits and that Air Pacific Ltd. delivered record-breaking revenue. (Air Pacific Group includes the national airline, its wholly owned subsidiary Pacific Sun, and a 38.75% stake in the Sofitel Fiji Resort & Spa on Denarau Island).
Mr. Patel attributed the airline's continued financial improvement and successful turnaround to the transformation measures put in place by Air Pacific's new MD/CEO, his new management team, and Air Pacific's dedicated and hard-working employees.
"The fact that we managed to return the airline to an operating profit only two years after we experienced the biggest loss in our history speaks volumes about the experience and capability of our new management team and the soundness of their turnaround plan.
These strong, positive results during a time when other airlines are struggling validates the Board's decision to hire Dave and support his new team's seasoned strategic focus," Mr. Patel
"I would like to thank my fellow Board Directors, our committed and dedicated employees, our loyal customers, our shareholders, and our many business partners for their continuing support in helping us achieve these results," Mr. Patel