Congratulations to Air Pacific and HFFT Dave for the apparent improvement in profitability. Perhaps both FTHF Dave and Taito could answer a very simple question.
Has Air Pacific been paying FNPF interest on the F$400,000,000 (Four hundred MILLION dollars) loan they took from the Fiji Pensioners Funds, which at a very low 5% interest equates to $1,666,667.00 per month, or TWENTY MILLION DOLLARS per annum.
Greybeard
Talei Burness said:
AND with all the hoopla, acknowledgements, pats on the back etc etc,
not one mention nor acknowledgement of the FNPF loan of $400 million
of members’ and pensioners hard earned cash which has helped Air
Pacific to “soar”….. Note the rather ominous statement from David Pfleiger
“we are not yet out of the woods” – so pensioners, don’t hold our collective
breath. Pfleiger may well become the next walking eagle, as the native
Indians of Canada call them – so full of s………t it can’t fly let alone soar!