Monday, June 17, 2024
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Fiji Airports pays $10m dividend to Govt

Fiji Airports handed over an interim dividend cheque of $10 million to the Government for this financial year today.

Receiving the cheque, Prime Minister and Minister for Public Enterprises, Sitiveni Rabuka thanked the management and staff of Fiji Airports for their hard work and dedication

He said it is encouraging to note that despite the challenges presented by the pandemic, Fiji Airports has reviewed and prioritised capital projects such as the infrastructure plans for Nadi Airport and the outer islands which are more important and critical given the visitor arrivals for the last few months already surpassing pre-covid levels.

Rabuka also commended FA Board Management for consistently reviewing and implementing cost-cutting measures and progressively planning FA’s recovery without dismissing any staff.

Board Chair, Hasmukh Patel, said the Fiji Airports has paid $175 million in dividends to the Government in the past six years prior to COVID and the interim dividend of $10 million could be beneficial for the Government as it provides an additional source of revenue that can be used to fund various projects and initiatives or support the country’s economic development.

He added the Board remains committed and will ensure that higher returns are paid to the Government in future.

Ilaitia Ravuwai
Ilaitia Ravuwai
Journalist | news@fijilive.com

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