AIR PACIFIC PLANNING MAJOR INVESTMENT

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SUVA, Fiji (Fiji 1 News, Aug. 2) - Air Pacific has revealed plans of acquiring seven new aircraft over a 15-year period costing the company two billion dollars (US$1.17B).

The announcement has the two largest airline manufactures in the world, Boeing and Airbus competing as possible suppliers to Air Pacific.

The Air Pacific Board met in Sydney last week to review the company’s fleet.

The airline currently has 6 Boeing aircrafts, three 737 aircraft's, one 767 and two 747's.

The lease for the 767 expires in August of 2007, while the lease for both the 747's in June 2008.

Air Pacific's plans to acquire new aircraft has generated interest from both Boeing and Airbus, who've already made representations.

Campbell says strong competition between airline manufactures favors Air Pacific.

Air Pacific has requested a special deal, which sees interim aircrafts used in 2007 onwards, until the new ones are ready.

The Air Pacific Board is set to decide in September whether Boeing or Airbus get the contract.

Wednesday, August 3, 2005

FijiTV: http://www.fijitv.cm.fj

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