World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Fiji Airways Announces Details of Five Year Masterplan

Fiji Airways Announces Details of Five Year Strategic Masterplan

Focus on network and fleet expansion, growth of 35% in available seats, increasing passenger numbers and operating profits above $100m (FJD)

Friday 10 January 2014Fiji’s national airline, Fiji Airways, has today announced key details from its five year strategic plan which had been approved by the airline’ s Board mid-December 2013.

Expanding the airline’s route network through key airline partnerships, increasing operating profits and passenger numbers, as well as growing the number of aircraft and available seats, are just some of the key focus areas for Fiji Airways within this plan. 

Stefan Pichler, Managing Director and CEO of Fiji Airways, says that this is the first time a strategic plan for the airline has been developed bottom-up from the management, and with input from its customers, people and stakeholders. 

“This is our plan, we believe in it and we will make it happen. This is what we want to deliver by building and performing under a highly inspirational global brand – Fiji Airways!”

The airline will increase its fleet size by 25% with the purchase and/or leasing of four new aircraft, including one A330-200, two B737-800s and two ATR72-600s (one as a replacement for an ATR 42-500), by 2017. 

The additional aircraft will support the company’s plans to grow the number of available seats across all markets by more than a third (35%), and an increase in passenger numbers by 39%, over the next five years.

New Zealand again will play an important role as a key market for Fiji Airways with a capacity increase of 58.9% proposed between now and 2017. 

Proposed capacity increases across the other regions include Asia (144%), Pacific Islands (86.6%), Australia (28.4%) and Domestic (12.3%), while the current seat availability to the US remains stable      (- 4.7%).

Mr Pichler says the airline will put in place an aggressive financial performance strategy to increase operating profits above $100m (FJD), which has been planned assuming fuel prices and currency exchange rates at the current levels. 

“Ii is our aim is to be a world class boutique airline, and we must match that with an ambitious but solid financial growth plan which expands on current successes and takes our airline to a new level.” 

“We need to be sustainably profitable and have a healthy cash flow to pay off our debts and fund new aircraft.”

Mr Pichler says becoming financially stable and re-investing in the company’s fleet is imperative for Fiji Airways’ future, but key to the future plans is also to build and maintain a strong and loyal workforce.  

“We have plans to increase our total staff numbers by 28.5% and will invest in a trainee programme and training so we can qualify local people in roles across the company,” says Mr Pichler. “In addition, our already announced staff profit share programme will form an integral part of all our financial planning.”

“Part of our vision for 2017 is to be the employer of choice for Fijians.” 

The airline has already announced three schedule changes resulting from the plan - new direct Sydney-Suva and Apia-Suva services to open up the East Coast to holiday makers and business travellers alike; and an amendment to some Auckland – Nadi departure times to improve ferry and flight connections with the outer islands. 

“In terms of our network expansion plans, we will not be taking a ‘trial and error’ approach. We are focused on the deliberate selection of new routes together with the best airline partnerships. Timing of new route introductions will depend on detailed scheduling together with interlining and codesharing, and we will announce these as they are finalised.” 

Mr Pichler thanked the Fiji Airways management team which has worked hard to prepare the strategic masterplan that will grow the airline’s network and help drive tourism and the economy in Fiji.

“Since 1st January 2014, the clock is ticking. Our team is committed to succeed. We will make the future happen for everyone in this great airline, in this beautiful country.”

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Russia Supports Indonesia`s Possible Move To Buy Sukhoi 35

Jakarta (ANTARA News) - The Russian government supports Indonesias wish to buy the multipurpose fighter jet Sukhoi 35 to enhance the countrys air force. More>>

W International Monetary Fund Downgrade Global Growth Forecast

20 January 2015 – Despite a sharp decline in oil prices, the International Monetary Fund (IMF) in its latest economic outlook today lowered growth expectations for this year and the next for most countries due to slowdown in investment, and urged governments ... More>>

ALSO:

UN Rights Expert Cancels Visit To Palestinian Territory

Israel’s lack of cooperation leads to cancelled visit by UN rights expert to the occupied Palestinian territory More>>

Pentagon To Deploy 400 Troops To Train Syrian Rebels

Rebel fighters take positions behind sand barricades at al-Breij frontline, after what they said was an advance by them in al-Manasher and al-Majbal areas, where forces loyal to Syria's President Bashar al-Assad were stationed, in Aleppo January 5, 2015. ... More>>

ALSO:


U.S. Eases Sanctions On Export Of Tech To Cuba

Washington — Today, the Department of Treasury and Department of Commerce officially released the anticipated changes to the Cuban Assets Control Regulations (CACR) and Export Administration Regulations (EAR) , reforms announced last year by President ... More>>

Increased Gold Demand Following Shock SNB Move

Gold surged in dollars, pounds and especially euros yesterday after the Swiss Natonal Bank (SNB) caused turmoil in markets. Spot gold surged $30.50 or 2.48% to $1,258.50 per ounce and gold in euro terms rose by 4 per cent from EUR 1,044 to over EUR 1,085 ... More>>

What Next After Palestine's ICC Bid?

President Abbas has applied for Palestine’s membership in the International Criminal Court, paving the way for trials of Israeli officials on war crimes. Whether this ... More>>

ALSO:

  • Palestinian Centre For Human Rights - EU recognition of Palestine: What is it good for?
  • UN Mourns Slain French Cartoonists

    At UNESCO headquarters in Paris, the UN flag flies at half-mast in homage to victims of yesterday's attack on Charlie Hebdo. UNESCO/Pilar Chang-Joo More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
    World
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news