23 Jul 2015

Fiji Airways pays first dividend in seven years

7:25 pm on 23 July 2015

Fiji Airways has paid its first dividend in seven years, with its major shareholder, the Fiji government, receiving 1.7 million US dollars.

A Fiji Airways plane

A Fiji Airways plane Photo: Supplied

The dividend comes after the company made a 28 million US dollar profit last year, more than double its best result, back in 2005.

Fiji Airways' acting chief executive, David Bowden, says the airline has been turned since the adoption of a clear and strategic five-year plan in December 2013.

Mr Bowden says 835 non-management staff will also receive a payout of 1400 US dollars each, as part of a profit sharing scheme.

The Fiji Government owns 51 percent of the airline, with the rest mostly owned by Qantas, with Air New Zealand and the governments of Tonga, Kiribati, Samoa and Nauru having small holdings.