A motion moved by Attorney-General and Minister for Economy, Civil Service and Communications Aiyaz Sayed-Khaiyum today for the Fijian Parliament to approve to amend the Parliamentary approval dated May 25, 2020, for the FJ$455 million Government guarantee to Air Pacific Limited trading as Fiji Airways was approved by Parliament this afternoon.
In his motion, Mr Sayed-Khaiyum had moved for the amendment to read as follows: “Parliament approves that the Government of the Republic of Fiji guarantee Fiji Airways borrowings consisting of a mix of domestic borrowings up to FJ$191.1million and offshore borrowings up to US$117.1million with a total limit of approximately FJ$455million valid until the guaranteed facilities are discharged by the lender or fully settled; and that Fiji Airways pay a one off fee of 15 per cent on the FJ$455million government guarantee.”
Despite a robust debate on the motion and with most of the Opposition MPs not agreeing to the amendment, the motion was agreed to by the Government side.
