Fiji Airways Pressed to Resume Loan Repayments After Profit Surge
A Fijian parliamentary committee has urged Fiji Airways to begin repaying loans owed to the Fiji National Provident Fund (FNPF) and the Fiji Development Bank (FDB), following the airline’s strong financial rebound in 2023, The Fiji Times reports.
In its review of the airline’s 2023 annual report, the parliamentary standing committee on social affairs highlighted Fiji Airways’ dramatic turnaround—from a loss of FJD 175 million (USD 76.8 million) in 2022 to an operational profit of FJD 113.2 million (USD 49.7 million) last year. Revenue also hit a historic high of FJD 1.8 billion (USD 790.2 million).
With the airline now in a strong financial position, the committee said Fiji Airways must resume repayments “as per the agreed terms.” It noted that although a moratorium on repayments during the pandemic was justified, the airline has not made any significant payments to the FNPF in 2023 despite its recovery.
Airline executives previously told the committee in September that repayments would restart following the conclusion of a three-year capital moratorium. At the time, former CEO Andre Viljoen said the FNPF was “very comfortable with the debt.” As of July 31, 2025, Fiji Airways owed FJD 678 million (USD 297.6 million).
The committee also flagged additional concerns, urging the carrier to recover outstanding costs tied to a September 2023 charter flight to Israel, now at the center of a legal dispute over unpaid fares.
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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com