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ADB Signs $65 Million Loan to Sustain Fiji Airways' Services in the Pacific


ADB Signs $65 Million Loan to Sustain Fiji Airways’ Services in the Pacific
News Release | 12 March 2021
MANILA, PHILIPPINES (12 March 2021) The Asian Development Bank (ADB) has signed a $65 million COVID-19 Liquidity Support Facility for Fiji’s Air Pacific Limited, which operates as Fiji Airways and (through its wholly-owned subsidiary) Fiji Link, to help fund the company through the international travel downturn caused by the coronavirus disease (COVID-19) pandemic and to support its return to profitable operation.
The financing comprises a $40 million loan from ADB and a further $25 million loan from the Leading Asia’s Private Infrastructure Fund (LEAP), which will be administered by ADB. ....

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Fiji Airways signs US$65 million Liquidity Support Loan Facility with ADB


Fiji Airways signs US$65 million Liquidity Support Loan Facility with ADB
Fiji Airways signs US$65 million Liquidity Support Loan Facility with ADB
[Image: Supplied]
Fiji Airways today signed a US$65 million Liquidity Support Loan Facility with the Asian Development Bank.
The Support Facility is to help the airline cover operating costs and meet financial obligations while the travel demand remains non-existent due to the pandemic-induced border closures.
The financing comprises a $40 million loan from ADB and a further $25 million loan from the Leading Asia’s Private Infrastructure Fund, which will be administered by ADB.
Fiji Airways Managing Director and Chief Executive Officer Andre Viljoen says they are delighted to receive ADB’s financial support at this critical time. ....

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