Fiji Military Takes Control Of Air Pacific
It's time to say a fond fair well to Air Pacific people
Fiji's military government says it is taking over control of the country's national carrier Air Pacific from Australian company Qantas.
The government of Commodore Frank Bainimarama issued a decree saying that all Fijian-registered carriers must now be owned and controlled by Fijian nationals.
Qantas owns 46.3 per cent of Air Pacific to Fiji's 51 per cent. However, according to a Fijian government release, Qantas since 1998 has exercised effective control over the carrier through super majority and veto rights.
Qantas, which has long sought to sell its stake in Air Pacific, said it would issue a statement later today.
The Fijian government said in a release that the move would bring it into step with international laws and practices.
SOURCE