admin's picture

SUVA, Fiji Islands (August 6, 1999 – Radio Australia)---Fiji's new government has decided against a public float of part of its 51 percent holding in the national airline Air Pacific.

The decision followed talks between Fiji Prime Minister Mahendra Chaudhry and James Strong, Managing Director of QANTAS, which owns 46.5 percent of Air Pacific.

Air Pacific recently reported its thirteenth consecutive profit.

Since winning government in May, Mahendra Chaudhry's Labour Party-led coalition has reversed privatization policies of the previous government.

The former government had embarked on the sale of government-owned assets including telecommunications, water and electricity utilities, a national bank and the main international airport.

Rate this article: 
No votes yet

Add new comment