Fiji Airways has just had a major Oprah moment and we’re all now a wee-bit jealous of the airline’s shareholders and staff.

 

The airline has revealed it will give FJ$2.5 million (AU$1.6 million) to its major shareholder, the Fijian Government.

It’s the first payment to the government in over seven years and comes after confirming it will give bonuses to management and non-management staff.

The FJ$2.5 million cheque was formally handed over to the government this week.

The payment was a portion of an overall shareholders payment of just under FJD $5 million, which was made possible after making a record profit of $60.8 million in 2014.

As the largest stakeholder, Fiji Airways received more than half the payment, while other major shareholders – Qantas, Air New Zealand and the Governments of Kiribati, Tonga, Samoa and Nauru – received smaller portions.

Fiji Airways’ Chairman Nalin Patel said he was delighted that the airline is in a position to be able to share its financial success with investors and staff.

Fiji Airways feature

“Since rebranding to Fiji Airways from Air Pacific in 2013, the airline has achieved significant success thanks to the hard work of our entire team.”

Nalin Patel, Fiji Airways Chairman

Alongside the shareholder dividend, Fiji Airways and Fiji Link managers received a Management Bonus of $7,000 each, subject to tax and superannuation deductions as required.

Non-management staff for both airlines earned quarterly KPI-related bonuses of up to $1,200 per year, on achievement of key business objectives.

What are your thoughts on the news?