Fiji Airports has recorded a rise in both executive and board remuneration, with key management compensation and directors’ pay more than doubling, according to its 2024 annual report.
The annual report, tabled in Parliament recently, shows key management personnel received $1,054,731 in short-term benefits in 2024, up from $485,170 in 2023 — an increase of more than 117 percent.
Key management personnel include senior executives responsible for planning, directing and controlling the company’s operations, including the Chief Executive Officer, General Manager Air Traffic Management, General Manager Assets and Infrastructure, General Manager Airports, General Manager Finance, Projects Director and General Manager Commercial.
In addition to salaries, the company provides non-cash benefits to its senior executives. Fiji Airports noted that all transactions with key management personnel are conducted on standard market terms and are no more favourable than those offered to third parties.
Meanwhile, directors’ remuneration also rose significantly in 2024.
Total payments to directors increased to $155,140, up from $71,771 in 2023 — a rise of approximately 116 percent.
Director fees more than doubled from $50,038 to $101,283, while other benefits increased from $21,733 to $53,857. The other benefits are not stipulated in the report.
Board members during the period included chairman Hasmukh Patel, along with Naushad Ali, Mark Morris Halabe, Bhavick Kapadia, Jona Sevura, Emele Sima Duituturaga and Arvind Singh.
