The military-controlled Fiji government has tightened its ownership rules for airlines

The military-controlled Fiji government has tightened its ownership rules for airlines in a move aimed at reducing the control Qantas, a major shareholder, exerts over the flag carrier Air Pacific.

The military-controlled Fiji government has tightened its ownership rules for airlines Art-Air-Pacific-420x0

The new law stipulates that Air Pacific will have to be under the ''substantial ownership and effective control'' of the government, a Fijian citizen or a corporation which is at least 51 per cent owned by Fijians.

The Civil Aviation Decree will also require that at least two-thirds of Air Pacific's board are Fijian, and that the airline is ''under actual and effective control of Fijian citizens''.
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The Fijian government has argued Qantas, which has a 46 per cent in Air Pacific, has maintained effective control over the airline through super-majority and veto rights over significant parts of the airline.

Read more: http://www.smh.com.au/business/fiji-to-wrest-control-of-air-pacific-from-qantas-20120328-1vxmm.html#ixzz1qO9tkRKK

The military-controlled Fiji government has tightened its ownership rules for airlines

The military-controlled Fiji government has tightened its ownership rules for airlines

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