Business
Fiji Airways signs US$65 million Liquidity Support Loan Facility with ADB – Fijivillage
Fiji Airways today signed a US$65 million Liquidity Support Loan Facility with the Asian Development Bank.
The Support Facility is to help the airl
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 Asias Private Infrastructure Fund, which will be administered by ADB.
Fiji Airways Managing Director and Chief…
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