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Qantas in talks with Fiji over Air Pacific stake

4-Jul-2011 10:22 AM

Qantas is reportedly in negotiations with the Fijian government to buy out its AUD70 million stake in Air Pacific, Fiji’s national carrier (The Australian/FijiLive, 02-Jul-2011). Qantas has recommended Fiji cancel new aircraft orders; sell and lease-back aircraft; refinance an aircraft hangar; and sell the Sofitel Hotel on Fiji's Denarau Island to fund the acquisition of Qantas’ 46.3% stake.