BUYS INTO AIR FIJI
SUVA, Fiji Islands (May 11, 2001 - Fiji's Daily Post/PINA Nius
Online)---Two million dollars of Air Fiji shares were bought by the
Government of Tuvalu yesterday. The shares were formerly owned by the
troubled Kelton Investments Limited group of Fiji.
Air Fiji chief executive Ken MacDonald said the acquisition meant that
the Government of Tuvalu now has a very substantial interest in Air
Mr. MacDonald said senior officials of the airline were briefed by the
Tuvalu High Commissioner, who confirmed that there was to be no
operational changes and that 175 local employees of Air Fiji would still
retain their positions.
Tuvaluans are able to travel further abroad through Fiji's Nadi and
Nausori airports. Both Air Pacific and Air Marshalls provided services
to Funafuti in the past but withdrew for economic reasons.
In April 1999, Air Fiji stepped in and provided this essential internal
linkage for Tuvalu. In September last year, the airline upgraded
services to Tuvalu utilizing a modern 30-seater Embraer Brasilia 120
The introduction of the aircraft was made possible by the Government of
Tuvalu signing exclusive rights to Air Fiji to operate from Fiji to
Tuvalu for a period of five years.