“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.â€
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.